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GM considering second EV battery plant in the U.S.

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General Motors is looking at building a second plant in the U.S. to produce battery cells for electric vehicles through a joint venture with LG Chem.

The automaker confirmed the plans Thursday morning after The Wall Street Journal reported the companies were close to a decision to locate the plant in Tennessee, but a final selection hadn’t been made. GM said it hopes “to have a decision on the potential project” by June.

Through their Ultium Cells LLC joint venture, GM and LG are currently spending $2.3 billion for a new battery cell plant in Ohio. The facility is expected to be completed in 2022, allowing the automaker to lower costs and…



Source cnbc.com

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