LG Energy

GM and LG Energy Solutions are considering opening a fourth US battery cell plant in Indiana, according to a spokeswoman for the companies’ joint venture. The plant is expected to have an investment cost of more than $2 billion. 

Ultium Cells LLC is developing a competitive business case for a potential large investment that could be located in New Carlisle, Indiana,” the spokeswoman said. Ultium had also submitted a tax abatement application, hoping it would be approved later this month. 

Ultium’s first US battery cell plant, located in warren, Ohio, is set to begin production later this month. GM and LG energy are building a $2.3 billion plant in Spring Hill, Tennessee, set to be completed by the end of 2023. And construction on a plant in Lansing, Michigan, will begin in 2024.

GM also said it would spend $4 billion to overhaul an assembly plant near Detroit for the production of its electric pickup trucks. 

Last month, GM said it had struck multi-year agreements with LG Chem and Livent Corp, designed to secure raw materials used in manufacturing batteries for its electric vehicles.

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