GM Announces Investment in EV Manufacturing Capacity

Ultium Cells, a joint venture of LG Energy Solution and General Motors, 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 new battery cell plant is expected to create 1,700 new jobs when the facility is fully operational. The approximately 2.8 million-square-foot facility is scheduled to open in late 2024.

The automaker is earmarking $7 billion—the largest investment in the history of the company—to expand its battery and electric truck production capacity…