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Ultium Cells Announces $2.3 Billion Investment in New Battery Cell Manufacturing Plant

Investment Battery Cell Manufacturing announced United States Jan 25, 2025
USD2300M
Deal Value

Ultium Cells, a joint venture between GM and LG Energy Solution, announced a $2.3 billion investment to build a new battery cell manufacturing plant in the United States.

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Counterparts (2)

Partner
General Motors
company
General Motors is an automotive manufacturer that is investing in electric vehicle technology and infrastructure. They are focused on developing and manufacturing electric vehicles and related technologies.
Investor
GM | Ultium Cells
company
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.

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Timeline

Announced
Jan 25, 2025
Signed
Closed

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Source

www.manufacturingdive.com
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