LG Magna E-Powertrain celebrates groundbreaking of new facility in Mexico

Yesterday, LG Energy Solution said that it will invest 730 billion won in its Ochang facility to expand the production capacity of cylinder batteries. 580 million won of those will go to the site's second factory, increasing the 4680 batteries' annual capacity by 9 GWh. The rest of the investment will be used in the first factory for increasing by 4 GWh the annual capacity of the 2170 batteries. The production...

14 June 2022

Cadillac reached another electric vehicle milestone today in China with the start of pre-production of the LYRIQ at SAIC-GM's Cadillac plant in Shanghai. The first all-electric vehicle from GM's luxury brand has now entered its final stage of development in China before mass production and deliveries to customers. This stage includes optimizing the manufacturing process, conducting reliability tests and carrying out...

7 May 2022

GM announced a feature standard in its Ultium-based EVs that captures and repurposes waste energy from the battery. Through the Ultium Platform's energy recovery system, this waste energy can increase a vehicle's range, reduce battery energy needed for heating, increase charging speed, and even enable sportier driving. EV batteries, power electronics, and other propulsion components produce heat. The Ultium Platform...

26 April 2022

Glencore and General Motors announced today a multi-year sourcing agreement in which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia. Cobalt is an important metal in the production of EV batteries, and the cobalt processed from Australia will be used in GM’s Ultium battery cathodes, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV, and Cadillac...

13 April 2022

General Motors and Honda today announced plans to expand the two companies' relationship to a new chapter by codeveloping a series of affordable electric vehicles based on a new global architecture using next-generation Ultium battery technology. The companies are working together to enable global production of millions of EVs starting in 2027, including compact crossover vehicles, leveraging the two companies'...

5 April 2022

With the increasing shift toward vehicle electrification, Magna is leveraging its market-leading body and chassis expertise to provide innovative battery enclosures. The company announced today that it is expanding its operations into Chatham, as an extension of its current operations in St. Thomas to support new business from Ford Motor Company. The new 170,000 square foot facility is expected to create up to 150...

1 April 2022

LG Energy Solution will invest USD 1.7 billion in expanding its Holland, Michigan site. This will quintuple the plant’s capacity to help produce battery components into the future as Michigan’s electric vehicle industry grows and will create 1,200 jobs. The LGES expansion announcement comes just two months after GM announced its historic $7 billion investment in the state, which includes up to $2.5 billion to build...

24 March 2022

Stellantis N.V. and LG Energy Solution (LGES) today announced they have executed binding, definitive agreements to establish the first large-scale, domestic, electric-vehicle battery manufacturing facility in Canada. The joint venture company will produce leading edge lithium-ion battery cells and modules to meet a significant portion of Stellantis’ vehicle production requirements in North America. The joint venture...

24 March 2022

Today, General Motors marks another major milestone in its commitment to an all-electric future as Cadillac formally celebrates the beginning of retail production of the 2023 Cadillac LYRIQ at GM’s Spring Hill, Tennessee, assembly plant. GM President Mark Reuss, Cadillac Vice President Rory Harvey, Tennessee Gov. Bill Lee, UAW representatives, plant employees and other officials joined together today to celebrate...

22 March 2022

Chevrolet provided a glimpse of the all-electric Chevrolet Blazer SS, which will be the first Chevy EV to feature a performance SS model. The all-electric Blazer SS will make its debut later this year and will be available in spring 2023.

9 March 2022

General Motors and POSCO Chemical announced that they are working with the governments of Canada and Quebec to build a new facility in Bécancour, Quebec, estimated at $400 million (C$500 million). The new facility will produce cathode active material (CAM) for GM's Ultium batteries, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV, and Cadillac LYRIQ. The companies previously...

7 March 2022

LG Energy Solution and CAMX Power announce that LGES has obtained a license under the intellectual property of CAMX relating to the GEMX platform of nickel-based high-energy high-power cathode materials for use in lithium-ion batteries, especially for electric vehicles (EVs). The GEMX platform is based on fundamental inventions of CAMX for which key patents have been granted globally including the US, EU, Korea...

7 March 2022

GM announced today an investment of more than $7 billion in four Michigan manufacturing sites, creating 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity. This is the single largest investment announcement in GM history. The investment includes the construction of a new Ultium Cells battery cell plant in Lansing and the conversion of GM’s assembly...

25 January 2022

Ultium Cells, a joint venture of LG Energy Solution and General Motors, today announced a $2.6 billion investment to build its third battery cell manufacturing plant in the United States. The facility will be located in Lansing, Michigan. The Ultium Cells Lansing site joins Ultium Cells battery cell manufacturing sites being constructed in Ohio and Tennessee. Ultium Cells will build the new plant on land leased from...

25 January 2022