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DOE announces $2.5B loan to Ultium Cells for three US battery cell manufacturing facilities

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billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan. The announcement marks LPO’s first closed loan exclusively for a battery cell manufacturing project under the Advanced Technology Vehicles Manufacturing (ATVM) program.

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DOE: EV battery manufacturing capacity in N America in 2030 projected to be nearly 20 times greater than in 2021

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A wave of new planned electric vehicle battery plants will increase North America’s battery manufacturing capacity from 55 Gigawatt-hours per year (GWh/year) in 2021 to 998 GWh/year by 2030, according to the US Department of Energy (DOE).

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LG Chem to invest $3.2B to build NCMA cathode plant in Tennessee; 120,000 tpa

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LG Chem today has signed a memorandum of understanding (MOU) with the state of Tennessee to establish a new cathode manufacturing facility in Clarksville with an investment of US$3.2 LG Chem applied this technology for the first time to its fourth cathode manufacturing site in Cheongju, South Korea with much success.

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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

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billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. This US-owned and operated manufacturing plant in northern Alabama will be the first of its size in North America. Earlier post.)

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Piedmont Lithium selects Tennessee for second lithium hydroxide project; 30,000 metric tons per year

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Piedmont Lithium has ( earlier post ) selected Etowah, Tennessee as the location of the company’s planned 30,000 metric ton per year (tpy) LHP­2 lithium hydroxide operation (“Tennessee Lithium”). Conceptual design of the 30,000 TPY Tennessee Lithium plant. Planned completion and start of production is in 2025.

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Magna to invest $790M to build three facilities in Tennessee; supporting Ford BlueOval City

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Magna International will invest more than $790 million to build the first two supplier facilities at Ford’s BlueOval City supplier park in Stanton, Tennessee. In addition to the two West Tennessee locations, Magna will also build a stamping and assembly facility in Lawrenceburg, Tennessee.

Tennessee 150
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Ford to invest C$1.8 billion in Oakville complex for EV manufacturing in Canada

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billion) in its Oakville Assembly Complex to transform it into a high-volume hub of electric vehicle manufacturing in Canada. The transformed campus will feature a new 407,000 square-foot on-site battery plant that will utilize cells and arrays from BlueOval SK Battery Park in Kentucky. Ford Motor Company is investing C$1.8

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