EV battery factory – Infuse News

GM and LG are spending $275 million to develop an EV battery factory in Tennessee

GM and LG are spending $275 million to develop an EV battery factory in Tennessee

In order to boost production by more than forty percent, LG Energy Solution and General Motors will invest an additional $275 million in their Tennessee joint venture battery plant. Friday, the joint venture, which is called Ultium Cells LLC, said that the new investment comes on top of the $2.3 billion that was announced in…

Ohio will be the site of Honda’s planned $4.4 billion EV battery factory

Ohio will be the site of Honda’s planned $4.4 billion EV battery factory

Honda Motor and LG Energy Solution on Tuesday announced the building of a new multibillion-dollar batteries manufacturing facility in Ohio. The mass production of lithium-ion batteries is anticipated to start in early 2023 at the new facility, which will be built roughly 40 miles southwest of Columbus. The unnamed joint venture is scheduled to invest a…

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