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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.

Tennessee 259
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GE Appliances deploying fleet of electric trucks from Einride in Kentucky, Georgia, and Tennessee

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GE Appliances (GEA), a Haier company, is deploying a fleet of electric freight vehicles on routes between the company’s inbound warehouses and its manufacturing facilities in Kentucky, Georgia, and Tennessee. We’ve adopted many environmentally sustainable manufacturing practices to reduce the carbon footprint of our operations.

Kentucky 418
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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.

Tennessee 243
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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

Canada 397