$275 million – Infuse News

Business

GM and LG are spending $275 million to develop an EV battery factory in Tennessee

GM and LG are spending $275 million to develop an EV battery factory in Tennessee

In order to boost production by more than forty percent, LG Energy Solution and General Motors will invest an additional $275 million in their Tennessee joint venture battery plant. Friday, the joint venture, which is called Ultium Cells LLC, said that the new investment comes on top of the $2.3 billion that was announced in…

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