BR100 Decreased By (-0.31%)
BR30 Decreased By (-0.55%)
KSE100 Decreased By (-0.13%)
KSE30 Decreased By (-0.06%)
AGHA 6.64 Decreased By ▼ -0.03 (-0.45%)
BECO 4.39 Increased By ▲ 0.04 (0.92%)
BML 55.10 Decreased By ▼ -1.07 (-1.9%)
BOP 29.95 Decreased By ▼ -0.17 (-0.56%)
CNERGY 12.72 Decreased By ▼ -0.26 (-2%)
CSIL 5.23 Decreased By ▼ -0.08 (-1.51%)
FCCL 51.55 Decreased By ▼ -0.10 (-0.19%)
FFL 14.43 Decreased By ▼ -0.06 (-0.41%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 6.00 Decreased By ▼ -0.06 (-0.99%)
KOSM 5.44 Decreased By ▼ -0.40 (-6.85%)
LOTCHEM 26.01 Decreased By ▼ -0.16 (-0.61%)
MLCF 91.20 Decreased By ▼ -0.03 (-0.03%)
NBP 161.79 Decreased By ▼ -2.40 (-1.46%)
NCPL 52.40 Decreased By ▼ -0.78 (-1.47%)
NPL 57.97 Decreased By ▼ -1.15 (-1.95%)
OGDC 314.98 Increased By ▲ 1.59 (0.51%)
PACE 9.80 Increased By ▲ 0.03 (0.31%)
PAEL 34.95 Decreased By ▼ -0.29 (-0.82%)
PIBTL 14.29 Decreased By ▼ -0.42 (-2.86%)
PPL 219.70 Decreased By ▼ -1.66 (-0.75%)
PRL 89.90 Decreased By ▼ -1.32 (-1.45%)
PTC 59.40 Increased By ▲ 0.21 (0.35%)
SSGC 23.19 Decreased By ▼ -0.11 (-0.47%)
TBL 8.70 Decreased By ▼ -0.05 (-0.57%)
TELE 7.45 Decreased By ▼ -0.16 (-2.1%)
TPL 21.18 Decreased By ▼ -0.85 (-3.86%)
TPLP 12.17 Decreased By ▼ -0.39 (-3.11%)
TREET 21.50 Decreased By ▼ -0.23 (-1.06%)
TRG 54.91 Decreased By ▼ -0.88 (-1.58%)
By

DETROIT: General Motors Co and South Korean joint-venture partner LG Energy Solution on Friday said they will build a second US battery cell manufacturing plant, revealing plans for a $2.3 billion factory in Spring Hill, Tennessee.

The planned 2.8 million-square-foot plant, scheduled to open in late 2023, will employ 1,300 people and will have production capacity of about 35 gigawatt-hours, similar to the companies' Ultium Cells joint-venture plant in Lordstown, Ohio, as they move to respond to the growing demand in the electric vehicle market. The plant's capacity would enable it to supply battery packs for more than 500,000 electric vehicles a year.

The United Auto Workers on Friday called on GM to ensure the new plant is staffed with union-represented workers, which GM officials have said would be determined by the employees. LG Chem said in a regulatory filing that its LG Energy Solution unit will invest $933.5 million in the plant between this year and 2023.

Comments

Comments are closed for this article.