Ultium Cells and the United Auto Workers Union reached an agreement to raise employee wages by 30 percent at the joint venture's Lordstown, Ohioo plant over the next three years.
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.
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.
Ultium Cells secured a $2.5 billion loan from the U.S. government to finance the expansion of its three electric vehicle (EV) battery manufacturing facilities in Ohio, Tennessee and Michigan.
LG Energy Solution will adapt Siemens’ smart factory technology at its Ultium Cells’ factory in Tennessee, the battery company said. The two companies signed a memorandum of understanding on the partnership Tuesday.
Posco Chemical, a subsidiary of Korean steel giant Posco, is forming a joint venture with General Motors to source key battery materials for the American carmaker's electric vehicle (EV) models.
Ultium Cells is investing 2.7 trillion won ($2.4 billion) in a battery factory in Spring Hill, Tennessee, the company’s shareholders announced Saturday.
Posco Chemical will supply anodes, one of four core components of an electric vehicle (EV) battery, to Ultium Cells, an EV battery joint venture between General Motors and LG Energy Solution.
Posco Chemical will supply cathodes and perhaps even anodes for General Motors’ next electric vehicles (EVs).
Korea JoongAng Daily Sitemap