GM at odds with LG over 4th Ultium battery plant

general motors We may be looking for a new battery partner.

According to multiple media reports on Friday, the automaker failed to reach an agreement with LG Energy Solution for a planned fourth U.S. battery plant for the Ultium Cells joint venture.A source with knowledge of the controversy confirmed the report automotive news.

A fourth factory is unlikely to happen at LG, but could go ahead with another partner, sources said.

Representatives for GM and Ultium Cells declined to comment directly for this report. GM said it intends to build a fourth battery cell plant to support its electric vehicle ambitions.

“We have made it clear that our plans include investing in a fourth cell factory in the US, but we do not comment on speculation,” a GM spokesperson said in a statement. .

wall street journal Plans for a fourth Ultium Cells plant were first reported on Friday. Scheduled for New Carlisle, Indianawhich has been “shelved indefinitely”.

GM and LG began production last year at the first Ultium Cells battery plant in Warren, Ohio. Besides he has two factories under construction. One is in Spring Hill, Tennessee and is scheduled to open this year. He already has one in Lansing, Michigan, scheduled to come online in 2024.

According to a GM statement, “With this cell capacity, we plan to produce 400,000 EVs in North America by mid-2024, and by 2025 we will have cell capacity to produce over 1 million EVs annually in North America.” expected to have.

wall street journalciting sources, said GM and LG disagreed over how soon production would start at the Ohio plant and how plant employees should proceed with unionization efforts.

GM accuses factories of slow start when it delays 400,000 EV target date goals for half a year. factory workers voted in December To join the UAW, 710-16.

GM in November Reiterated the need for a fourth battery cell factory in the US We will support the plan to meet the 2025 EV production target and have a fully zero-emission small car lineup in 10 years.

in December, GM and LG Energy said: They plan to increase their investment in the Ultium Cells plant in Tennessee by $275 million.

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