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Team members and construction partners gathered to recognize this historic milestone, occurring just over one year after construction began and without a lost-time incident. SPRING HILL, Tenn. Ultium Cells LLC, the battery cell manufacturing joint venture of LG Energy Solution and General Motors, today announced the company is investing an additional $275 million in the Ultium Cells Spring Hill plant to expand the facilitys battery cell output by more than 40 percent, from 35 gigawatt-hours to 50 GWh, when the plant is fully operational. Ultium Cells LLC, a joint venture of LG Energy Solution and General Motors, today announced a more than $2.3 billion investment to build its second battery cell manufacturing plant in the United States. Early conceptual rendering of Ultium Cells LLC battery cell manufacturing facility in Lansing, Michigan. Stay up to date with what you want to know. Morgan Stanley Raises General Motors Target On Ultium Valuation - Yahoo ETFs. DOE closes $2.5B loan for Ultium Cells battery production. US: GM To Build Two Additional Battery Cell Plants - InsideEVs "The addition of our second all-new Ultium battery cell plant in the U.S. with our joint venture partner LG Energy Solution is another major step in our transition to an all-electric future," said GM Chairman and CEO Mary Barra. Treasuries. "During the pandemic, product development work on GM's future EV and AV portfolios continues to progress at a rapid pace," GM said in a statement. The new factory is located near the old Lordstown plant, and GM has said that it will be staffed with UAW workers and create 1,100 new jobs. Sign up for notifications from Insider! . Related News:Costcos 2Q Sales Soar 15% On E-Commerce Boom; Street Is BullishSplunks 4Q Results Top Wall Street Estimates; Shares Jump 5.1%Zynga Snaps Up Echtra Games; Street Says Buy. Real-time Estimate Cboe BZX Valuation. ", "This partnership with General Motors will transform Tennessee into another key location for electric vehicle and battery production. Ultium Cells, a joint venture between General Motors and LG Energy Solution, will mass-produce Ultium battery cells to advance the push for a zero-emissions, all-electric future. Sharon Wrobel for The plant will be extremely flexible and able to adapt to ongoing advances in technology and materials. GM's future Ultium-powered EVs are designed for Level 2 and DC fast charging. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return.