Rumor: GM-LGES Deal On 4th Ultium Battery Plant Not Certain via insideevs.com
General Motors' electrification strategy includes building four lithium-ion battery plants in the United States, under the Ultium Cells joint venture with LG Energy Solution. Three projects are underway , but the fourth one is not yet decided., undisclosed unofficial sources indicate that GM and LGES might resign from the fourth battery factory.
"The automaker has not been able to reach an agreement with LG Energy Solution on a fourth U.S. battery plant planned for their Ultium Cells joint venture, according to multiple media reports Friday. A source with knowledge of the discussions confirmed the reports to Automotive News." We are not sure why would GM and the South Korean battery manufacturer would not continue to expand their joint venture. The article refers to"on how fast production should begin at the Ohio plant as well as on how plant employees should proceed with efforts to unionize."GM obviously will need more lithium-ion battery cells to achieve its goal of 1 million electric cars annually in North America by 2025.
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