General Motors announces electric vehicle battery factory in Spring Hill [View all]

General Motors and LG Energy Solutions will build a second Ultium Cells electric vehicle battery factory in Spring Hill. The new 2.8 million-square-foot facility will create 1,300 new manufacturing jobs and cost an estimated $2.3 billion.

"This is the largest single investment of economic activity in the state's history," Tennessee Gov. Bill Lee said in a Friday press conference.

The Ultium facility, a joint venture between GM and South Korea's LG Energy Solutions, is expected to open in late 2023. It will be a separate facility from GM's Spring Hill electric vehicle plant. The Detroit-based automaker earmarked a $2 billion investment to convert that plant into the company's third electric vehicle plant in the United States.

General Motors in January publicly announced its goal to shift to an all-electric portfolio by 2040. The Detroit-based automaker "aspires" to stop selling new gas-powered light-duty trucks and sports utility vehicles by 2035. By 2040, it aims to be carbon neutral and to make its full slate of vehicles, including heavy-duty pickup trucks, fully electric.

Read more: https://www.tennessean.com/story/money/2021/04/16/general-motors-second-electric-vehicle-battery-factory-spring-hill/7244645002/