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GM | Ultium Cells

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Ultium Cells LLC is a joint venture between General Motors and LG Energy Solution to mass-produce battery cells for electric vehicles. The company focuses on developing and manufacturing advanced battery technology to support GM's electric vehicle strategy.
Investment Focus
Technologies
Battery Manufacturing2
Battery Cell Production1
Battery Cell Manufacturing1
Storage1
Geography
United States4
Deal History (5)
LG Energy Solution and GM Invest $275 Million in Ultium Cells Expansion
Investor Battery Manufacturing United States Jan 26, 2024 USD275M
Ultium Cells Receives $2.5 Billion Loan from DOE for Battery Cell Production
Investor Battery Cell Production United States Oct 21, 2024 USD2500M
Ultium Cells Announces $2.3 Billion Investment in New Battery Cell Manufacturing Plant
Investor Battery Cell Manufacturing United States Jan 25, 2025 USD2300M
GM and Ultium Cells to Receive $192 Million in Grants for Battery Manufacturing
Partner Battery Manufacturing United States Oct 19, 2025 USD192M
Redwood partners with Ultium
Partner Storage Jan 1, 2024
Co-Investors & Partners
U.S. Department of Energy
2 shared deals
Redwood Materials
1 shared deal
General Motors
1 shared deal
LG Energy Solution Vertech
1 shared deal
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