{"id":5360,"date":"2022-01-25T16:00:00","date_gmt":"2022-01-25T16:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3641091_AE41091_0"},"modified":"2022-01-25T16:00:00","modified_gmt":"2022-01-25T16:00:00","slug":"gm-and-lg-energy-solution-investing-2-6-billion-to-build-3rd-ultium-cells-manufacturing-plant-in-lansing","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=5360","title":{"rendered":"GM and LG Energy Solution Investing $2.6 Billion to Build 3rd Ultium Cells Manufacturing Plant in Lansing"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/en.prnasia.com\/prnasia.com-PC\/images\/logo-en-blue-in.png\" class=\"ff-og-image-inserted\"><\/div>\n<ul type=\"disc\">\n<li><b>2.8 million-square-foot facility in <span class=\"xn-location\">Lansing, Michigan<\/span> expected to create 1,700 new manufacturing jobs<\/b> <\/li>\n<li><b>Ultium Platform driving GM&#8217;s commitment to an all-electric future<\/b><\/li>\n<\/ul>\n<p><span class=\"xn-location\">LANSING, Mich.<\/span>, <span class=\"xn-chron\">Jan. 26, 2022<\/span> \/PRNewswire\/ &#8212; Ultium Cells, a joint venture of LG Energy Solution and General Motors, today announced a <span class=\"xn-money\">$2.6 billion<\/span> investment to build its third battery cell manufacturing plant in <span class=\"xn-location\">the United States<\/span>. The facility will be located in <span class=\"xn-location\">Lansing, Michigan<\/span>.<\/p>\n<p>Ultium Cells will build the new plant on land leased from GM. The new battery cell plant is expected to create 1,700 new jobs when the facility is fully operational. Site preparation on the approximately 2.8 million-square-foot facility will begin this summer, and the plant is scheduled to open in late 2024. The facility will supply battery cells to Orion Assembly in <span class=\"xn-location\">Michigan<\/span> and other GM EV assembly plants. Ultium Cells expects the facility will have 50 gigawatt hours of battery cell capacity when running full production.<\/p>\n<p>&#8220;This significant investment demonstrates our commitment to strengthen our <span class=\"xn-location\">Michigan<\/span> and U.S. manufacturing presence and grow good-paying jobs,<b>&#8220;<\/b> said <span class=\"xn-person\">Mary Barra<\/span>, GM Chair and CEO.&nbsp; &#8220;We will have the products, the battery cell capacity and the vehicle assembly capacity to be the EV leader by mid-decade.&#8221;<\/p>\n<p>&#8220;With a shared vision, GM and LG Energy Solution&nbsp;pioneered&nbsp;the EV sector by seizing&nbsp;new opportunities&nbsp;in the market well before anyone else did,&#8221; said <span class=\"xn-person\">Young-Soo Kwon<\/span>, CEO of LG Energy Solution.&nbsp;&#8220;Our third&nbsp;battery manufacturing plant,&nbsp;fittingly located in&nbsp;America&#8217;s automotive heartland,&nbsp;will serve as a gateway to charge thousands and later millions of EVs in the future.&#8221;<\/p>\n<p>&#8220;We are extremely excited to have another home here in <span class=\"xn-location\">Lansing, Michigan<\/span>,&#8221; said <span class=\"xn-person\">Kee Eun<\/span>, Ultium Cells president. &#8220;This facility will lead us into a new era of manufacturing and sustainability as we push toward a zero-emissions future. Our job is to ensure flawless execution through close collaboration with our partners and the <span class=\"xn-location\">State of Michigan<\/span>. We are very grateful for the <span class=\"xn-location\">Lansing<\/span> community&#8217;s support,&#8221; <\/p>\n<p>The Ultium Cells Lansing site joins Ultium Cells battery cell manufacturing sites being constructed in <span class=\"xn-location\">Ohio<\/span> and Tennessee.&nbsp; <\/p>\n<p>Barra added, &#8220;The support of the <span class=\"xn-location\">State of Michigan<\/span>, the <span class=\"xn-location\">City of Lansing<\/span> and <span class=\"xn-location\">Delta Township<\/span> played an important factor in making this investment in <span class=\"xn-location\">Lansing<\/span> possible. This type of support will be critical moving forward as we continue to take steps to transition our manufacturing footprint to support EV production.&#8221;<\/p>\n<p>The state-of-the-art Ultium Cells Lansing plant will use the most advanced and efficient battery cell manufacturing processes. The plant will be extremely flexible and able to adapt to ongoing advances in technology and materials.<\/p>\n<p>GM&#8217;s proprietary Ultium battery technology is at the heart of the company&#8217;s strategy to compete for nearly every EV customer in the marketplace, whether they are looking for affordable transportation, luxury vehicles, work trucks, commercial trucks or high-performance machines.<\/p>\n<p>Ultium batteries are unique in the industry because the large-format, pouch-style cells can be stacked vertically or horizontally inside the battery pack. This allows engineers to optimize battery energy storage and layout for each vehicle design. Energy options range from 50 to 200 kilowatt hours, which could enable a GM-estimated range of up to 450&nbsp;miles or more on a full charge with 0-60 mph acceleration in 3 seconds<sup>[1]<\/sup>.<\/p>\n<p>GM&#8217;s future Ultium-powered EVs are designed for Level 2 and DC fast charging. Most will have 400-volt battery packs and up to 200 kW fast-charging capability while GM&#8217;s truck platform will have 800-volt battery packs and 350-kW fast-charging capability.<\/p>\n<p>With a 30-year history in the battery business, LG Energy Solution has made consistent, large-scale investments to accumulate enough stability, credibility and manufacturing experience to invent its own cutting-edge technologies. The company established its first research facility in the U.S. in the early 2000s. In 2010, the company built its first U.S battery plant in <span class=\"xn-location\">Holland, Michigan<\/span>.<\/p>\n<p>Through Ultium Cells, LG Energy Solution and GM will merge their advanced technologies and capabilities to help accelerate automotive electrification.<\/p>\n<p><b>General Motors<\/b>&nbsp;(NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which powers everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the&nbsp;<a target=\"_blank\" href=\"https:\/\/www.chevrolet.com\/?evar25=gm_media_release\" rel=\"nofollow noopener\">Chevrolet,<\/a>&nbsp;<a target=\"_blank\" href=\"https:\/\/www.buick.com\/?evar25=gm_media_release\" rel=\"nofollow noopener\">Buick,<\/a>&nbsp;<a target=\"_blank\" href=\"https:\/\/www.gmc.com\/?evar25=gm_media_release\" rel=\"nofollow noopener\">GMC,<\/a>&nbsp;<a target=\"_blank\" href=\"https:\/\/www.cadillac.com\/?evar25=gm_media_release\" rel=\"nofollow noopener\">Cadillac<\/a>,&nbsp;<a target=\"_blank\" href=\"https:\/\/www.sgmw.com.cn\/\" rel=\"nofollow noopener\">Baojun&nbsp;<\/a>and&nbsp;<a target=\"_blank\" href=\"https:\/\/www.sgmw.com.cn\/\" rel=\"nofollow noopener\">Wuling<\/a>&nbsp;brands. More information on the company and its subsidiaries, including&nbsp;<a target=\"_blank\" href=\"https:\/\/www.onstar.com\/us\/en\/home\/\" rel=\"nofollow noopener\">OnStar<\/a>, a global leader in vehicle safety and security services, can be found at&nbsp;<a target=\"_blank\" href=\"https:\/\/www.gm.com\/\" rel=\"nofollow noopener\">https:\/\/www.gm.com<\/a>.<b>&nbsp;<\/b><\/p>\n<p><b>About LG Energy Solution<\/b><\/p>\n<p>LG Energy Solution is a global leader delivering advanced lithium-ion batteries for Electric Vehicles (EV), Mobility &amp; IT applications, and Energy Storage Systems (ESS). With 30 years of experience in advanced battery technology, it continues to grow rapidly towards the realization of sustainable life. With its robust global network that spans the US,&nbsp;Europe,&nbsp;Asia, and&nbsp;Australia, LG Energy Solution is more committed than ever to developing innovative technologies that will bring the future energy a step closer. Under its ESG vision &#8220;We CHARGE toward a better future,&#8221; LG Energy Solution is doing its utmost to prioritize environment, fulfil social responsibilities and shape sustainable future. For more information, please visit&nbsp;<a target=\"_blank\" href=\"https:\/\/www.lgensol.com\/\" rel=\"nofollow noopener\">https:\/\/www.lgensol.com<\/a>. <\/p>\n<p><i><sup>[1]<\/sup><\/i><i>Actual range will vary based on several factors, including temperature, terrain, battery age, vehicle model, loading, use and maintenance.<\/i><\/p>\n<p><b>CONTACTS:<\/b>&nbsp;<\/p>\n<p><span class=\"xn-person\">Dan Flores<\/span><br \/>GM Communications <br \/>313-418-2374<br \/><a target=\"_blank\" href=\"mailto:daniel.flores@gm.com\" rel=\"nofollow noopener\">daniel.flores@gm.com<\/a><\/p>\n<p><span class=\"xn-person\">Jennifer Korail<\/span> <br \/>GM Communications <br \/>313-319-0584<br \/><a target=\"_blank\" href=\"mailto:jennifer.korail@gm.com\" rel=\"nofollow noopener\">jennifer.korail@gm.com<\/a><\/p>\n<p><span class=\"xn-person\">Ashlee Semin Shin<\/span><br \/>LG Energy Solution Communications <br \/>+ 82 2 3773 4381<br \/><a target=\"_blank\" href=\"mailto:ashin0@lgensol.com\" rel=\"nofollow noopener\">ashin0@lgensol.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2.8 million-square-foot facility in Lansing, Michigan expected to create 1,700 new manufacturing jobs Ultium Platform driving GM&#8217;s commitment to an all-electric future LANSING, Mich., Jan. 26, 2022 \/PRNewswire\/ &#8212; Ultium Cells, a joint venture of LG Energy Solution and General Motors, today announced a $2.6 billion investment to build its third battery cell manufacturing plant [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":5361,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-5360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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