financetom
Business
financetom
/
Business
/
GM, LG retool Tennessee battery plant for energy storage batteries, recall laid-off workers
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
GM, LG retool Tennessee battery plant for energy storage batteries, recall laid-off workers
Mar 17, 2026 7:58 AM

DETROIT, March 17 (Reuters) - General Motors ( GM ) and

battery partner LG Energy Solution are transforming an

electric-vehicle battery plant in Tennessee to make batteries

for energy storage systems, the companies said Tuesday.

GM and LG, through their joint venture Ultium Cells, will recall

700 laid-off workers to start production of lithium-iron

phosphate batteries at the plant in the second quarter. Ultium

in January laid off workers at the Tennessee plant and at

another facility in Ohio through mid-2026 due to slower EV

sales.

Battery producers are seeking solutions to address excess EV

battery capacity, and energy storage is seen as a key option

given the growing need for energy to support upcoming AI data

centers.

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 >
Knife River Q1 Loss Widens, Revenue Rises; 2025 Sales Guidance Updated
Knife River Q1 Loss Widens, Revenue Rises; 2025 Sales Guidance Updated
May 26, 2025
06:48 AM EDT, 05/06/2025 (MT Newswires) -- Knife River (KNF) reported a Q1 loss Tuesday of $1.21 per diluted share, wider than a loss of $0.84 a year earlier. Three analysts polled by FactSet expected a loss of $0.93. Revenue for the quarter ended March 31 was $353.5 million compared with $329.6 million a year earlier. Analysts surveyed by FactSet...
Ball Corp raises profit forecast on resilient aluminum packaging demand, cost controls
Ball Corp raises profit forecast on resilient aluminum packaging demand, cost controls
May 26, 2025
May 6 (Reuters) - Aluminum can maker Ball Corp ( BALL ) on Tuesday raised its annual profit forecast after beating analysts' estimates for first-quarter results, betting on resilient demand and a tight leash on costs. The company expects full-year comparable profit growth to be between 11% and 14%, compared to its previous forecast of a growth of more than...
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,...
Duke Energy beats quarterly estimates on higher electricity rates
Duke Energy beats quarterly estimates on higher electricity rates
May 26, 2025
May 6 (Reuters) - Utility Duke Energy on Tuesday beat Wall Street expectations for first quarter revenue and profit, helped by higher electricity rates, retail sales and a colder winter. U.S. utilities have been making a case for higher customer electricity bills as power usage surges rapidly in the wake of growing AI data centers, increased domestic manufacturing and the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved