Ultium Cells’ Spring Hill plant in Tennessee, a battery joint venture between LG Energy Solution and General Motors (GM) (Photo courtesy of GM)
NEW YORK, July 14 (Korea Bizwire) — LG Energy Solution and General Motors’ battery joint venture, Ultium Cells, announced plans to retool their Spring Hill, Tennessee plant to mass-produce low-cost lithium iron phosphate (LFP) batteries, aiming to begin production by late 2027.
Ultium Cells said the production line overhaul will start later this year, shifting the Spring Hill facility from its current focus on nickel-cobalt-manganese (NCM) batteries to the increasingly popular LFP chemistry. The Ohio-based Ultium plant will continue producing NCM-based batteries.
As the global electric vehicle market faces slower growth, automakers are turning to LFP batteries for their affordability, especially in the budget EV segment. GM has previously signaled its intent to use LFP batteries in electric pickup trucks and is now taking steps to localize its LFP battery supply chain in the U.S.
Ashley Song (ashley@koreabizwire.com)
