General Motors has made it very clear they intend to be a major player in the world of electric vehicles, committing to $35 billion in electric investments and the creation of 30 new EVs globally by 2025. To do this, they’re going to need a lot of capacity and materials. That’s why GM has recently announced a large expansion of battery plants for their Ultium electric vehicle platform, as well as investments in environmentally-friendly resource extraction methods.
In partnership with LG Chem, GM has already commenced work on two new battery plants in North America. The first is in Lordstown, Ohio, with a second facility in Spring Hill, Tennessee. The cost to open a single battery plant is approximately $2.3 billion. Once opened, these new facilities will create battery cells that can then be sent to GM’s electric vehicle manufacturing plants in Michigan, Tennessee, and Ontario.