It’s been just over five months since General Motors GM and LG Chem announced the formation of a new joint-venture to produce lithium ion cells for electric vehicles. The new venture which the companies are investing $2.3 billion into now has a name, Ultium Cells LLC and site work has begun for the factory to be constructed near Lordstown, Ohio.
The new facility is expected to have a production capacity of 30 GWh annually. That would be enough cells for more than 330,000 vehicles with an average of 90 kWh per vehicle when production is up to speed in 2023.
GM recently announced that development work on the first of its new generation of EVs, the GMC Hummer EV, Cadillac Lyric and Cruise Origin has continued during the work at home period of the pandemic and all are expected to start production on time beginning with the Hummer in mid-2021. Initially, these and other vehicles that have yet to be shown will use cells sourced from other LG Chem production facilities, transitioning to the supplies from Ohio as they become available.
https://www.forbes.com/sites/samabuelsamid/2020/05/19/general-motors-lg-chem-joint-venture-to-be-called-ultium-cells-llc/
2020-05-19T13:43:00+00:00