NASHVILLE, Tenn. — A joint endeavor inbetween General Motors and South Korean battery business LG Energy Solution revealed Friday that it will invest an extra $275 million to broaden a Tennessee battery cell factory for electrical automobiles.
Officials with the business had currently promised to invest $2.3 billion to develop a battery plant in Spring Hill, Tennessee. The extra financialinvestment is expected to outcome in 40% more battery cell output when the plant is completely functional. Production at the 2.8-million-square-foot center is anticipated to start in late2023
The Tennessee plant is one of 3 lithium-ion battery factories being constructed by the joint endeavor, Ultium Cells LLC. The other 2 are in Michigan and Ohio. A 4th is likewise anticipated, however the website has not yet been called.
“We’re here because we understand we can be effective with your collaboration,” stated Tom Gallagher, Ultium Cells vice president for operations, keepinginmind that GM currently has workers training in Poland to start at the plant. “It’s an excit