Ultium Cells had delayed operations amid the slowing sales of EVs globally. The Tennessee plant was initially scheduled to begin operation at the end of 2023.
General Motors CEO Mary Barra met with chiefs of Samsung Group affiliates on Wednesday to discuss cooperation in areas involving EV batteries and auto electric parts, industry sources said.
The Korean company said Wednesday the deal aims to supply 500,000 tons of cathodes between 2026 and 2035.
GM Korea is seeking to solidify its resurgence by introducing four new vehicles, including two new EVs, in the domestic market this year.
Samsung SDI and GM are increasing their investment in an Indiana EV battery plant as other Korean battery makers are cutting investors and laying off workers.
General Motors is facing a class-action lawsuit over the Chevrolet Bolt, which is equipped with lithium-ion batteries from LG Energy Solution. Plaintiffs raised concerns about the safety risks posed by potential overheating.
Ultium Cells, a 50-50 joint battery venture between LG Energy Solution and General Motors, has been fined $270,000 for violating safety regulations at its battery plant in Ohio.
Hyundai Motor is acquiring a General Motors automobile plant in Talegaon, India, as the Korean automaker eyes the South Asian country as a new manufacturing base to replace China.
If you’re in the market for a compact SUV that won’t break the bank on fuel, you can’t go wrong with the Chevy Trailblazer.
With multi-billion dollar joint projects with big U.S. automakers agreed, Korea's major battery makers are on high alert in the wake of the United Auto Workers (UAW)'s call for a wage hike.
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