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GM, LG to upgrade Tennessee plant to make low-cost EV batteries - TL;DR CNBC

GM, LG to upgrade Tennessee plant to make low-cost EV batteries

Publishing timestamp: 2025-07-14 15:00:01


Summary

Ultium Cells, a joint venture between General Motors and LG Energy Solution, is upgrading its facility in Tennessee to produce low-cost electric vehicle battery cells that do not require expensive minerals like cobalt and nickel. This move is part of GM's efforts to diversify its EV portfolio and offer more affordable EV options. GM has also invested in new battery development labs and is working on different battery technologies for its electric SUVs and trucks.


Sentiment: POSITIVE

Tickers: GM

Keywords: business newsautosclimatebusinessenvironmenttransportationgeneral motors cobreaking news: businessmary barra

Source: https://www.cnbc.com/2025/07/14/gm-lg-ultium-spring-hill-tennessee-plant-ev-batteries.html


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