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LG Chem inks cathode material supply deal with General Motors worth $18.8 billion

Electric Cars Report

billion) deal with General Motors to supply cathode materials over the next ten years. LG Chem aims to bolster cooperation with GM in the North American market by utilizing its cathode plant in Tennessee, U.S. as a production hub for the global battery material market. LG Chem has secured KRW 25 trillion ($18.8

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GM’s Factory Zero leaving ‘production hell’ 

Teslarati

General Motors’ (GM) battery plant in Michigan, named Factory Zero, is leaving production hell. General Motors has been experiencing its own version of production hell with Factory Zero. Factory Zero is dedicated to electric vehicle (EV) production.

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General Motors secures enough cathode active material for 5 million EVs

Teslarati

This would reportedly be enough for about 5 million units of electric vehicle production. The cathode active material that GM will secure would be used by Ultium Cells LLC, a joint venture between General Motors and LG Energy Solution, at battery plants in Warren, Ohio; Spring Hill, Tennessee; and Lansing, Michigan.

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General Motors increases EV investment by 75% through 2025

Teslarati

General Motors has increased its electric vehicle investment by 75%, from $20 billion to $35 billion through 2025, the company announced on Wednesday. Among the obvious point of expanding its product line in general, GM outlined several other finer points of its expanded investment in a press release. Commercializing U.S.-made

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Cadillac begins retail production of LYRIQ EV

Green Car Congress

General Motors has begun retail production of the 2023 Cadillac LYRIQ ( earlier post ) at GM’s Spring Hill, Tennessee, assembly plant. GM announced a commitment to invest $2 billion in Spring Hill Assembly in October 2020. An additional $2.3

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Volkswagen accelerates engineering and R&D capabilities within the North American region with new Chief Engineering Officer

Green Car Congress

Building on his leadership experience at General Motors and Nikola Corporation, Lie will oversee the development of future Volkswagen vehicles for the North American market, as well as research and development priorities across North America.

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Report: Acura EV to be made in Tennessee, alongside Cadillac Lyriq

Green Car Reports

General Motors plans to make an upcoming Acura-branded electric vehicle in 2024 at the same Tennessee plant that will assemble the 2023 Cadillac Lyriq, while a more affordable Honda crossover set to be about the same size could be made by GM in Mexico beginning in 2023.

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