General Motors Co. is still planning a fourth battery plant and even more beyond that despite the reported breakup with supplier and partner LG Energy Solution.
GM and LG Energy Solution through their Ultium Cells LLC joint venture initially planned to have four U.S. battery cell manufacturing plants together. Last week, the Wall Street Journal reported and The Detroit News confirmed that the companies were no longer moving forward together on the fourth plant.
GM CFO Paul Jacobson, on a Tuesday earnings results call, said the automaker's fourth battery cell manufacturing center is "very much on track," and he noted capacity has been expanded at two other planned plants with LG Energy Solution. The first Ultium Cells plant is open in northeast Ohio. An Ultium Cells plant in Spring Hill, Tennessee, will open later this year and a third plant under construction in Delta Township near Lansing will open in 2024. GM and LG had been considering a site in New Carlisle, Indiana, for the location of another Ultium plant.
