financetom
Business
financetom
/
Business
/
General Motors, LG Energy JV to Upgrade Tennessee Plant for Low-Cost EV Battery Cell Manufacturing
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
General Motors, LG Energy JV to Upgrade Tennessee Plant for Low-Cost EV Battery Cell Manufacturing
Jul 14, 2025 9:08 AM

11:48 AM EDT, 07/14/2025 (MT Newswires) -- General Motors ( GM ) and LG Energy Solution's joint venture Ultium Cells will upgrade its battery manufacturing facility in Spring Hill, Tennessee, to produce low-cost lithium iron phosphate battery cells, GM said Monday.

The upgrade is expected to begin later this year, with commercial production slated for late 2027, GM said.

Shares of GM were down 1.1% in recent Monday trading.

Price: 52.83, Change: -0.56, Percent Change: -1.05

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Panama Canal boss says MSC ports deal threatens neutrality, FT reports
Panama Canal boss says MSC ports deal threatens neutrality, FT reports
Jun 9, 2025
(Reuters) -The sale of two ports near the Panama Canal to a global consortium led by Mediterranean Shipping Company (MSC) threatens the canal's principle of neutrality, the canal's head Ricaurte Vasquez told the Financial Times. There is a potential risk of capacity concentration if the deal comes the way it is structured as we understand right now, Vasquez told the...
Exclusive-Hyundai Motor has a rare earths stockpile that can last about a year, source says
Exclusive-Hyundai Motor has a rare earths stockpile that can last about a year, source says
Jun 9, 2025
SEOUL (Reuters) -Hyundai Motor ( HYMTF ) has a rare earths stockpile that can last about a year and it does not expect any near-term impact from global supply chain disruptions caused by China's export curbs, said a person who attended a company investor call. China's decision in April to restrict exports of a wide range of rare earths and...
US business group says Washington should treat Taiwan like partner not adversary
US business group says Washington should treat Taiwan like partner not adversary
Jun 9, 2025
TAIPEI (Reuters) -The United States should treat Taiwan like a partner and not an adversary, remove new and proposed tariffs, restore high-level cabinet visits and agree a double taxation deal, the American Chamber of Commerce in Taiwan said on Tuesday. Taiwan, which China views as its own territory, enjoyed strong support from U.S. President Donald Trump's first administration, which regularized...
Copyright 2023-2026 - www.financetom.com All Rights Reserved