Mmastodon BusinessStartups first seen 8 h ago, last 12 min ago, peak #2

GM and LG to invest $1 billion in new EV battery plant upgrade

Original: GM and LG Energy Solution will spend 1B USD turning their Spring Hill plant into the first factory to mass-produce prism

GM and LG Energy Solution will spend $1 billion converting their Spring Hill plant in Tennessee into the first factory to mass-produce prismatic lithium manganese-rich cells. The battery chemistry is seen as a cheaper alternative to conventional EV batteries, and the move signals both companies are pushing to cut battery costs as electric vehicle competition intensifies.

Why now: The investment marks the first mass production of a potentially cheaper EV battery chemistry, with implications for electric vehicle pricing.

GMLG Energy SolutionSpring HillTennessee

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Rank over time, top of the chart is #1. 5 snapshots from 5 h ago to 12 min ago.

Evidence

• GM and LG Energy Solution will spend 1B USD turning their Spring Hill plant into the first factory to mass-produce prismatic lithium manganese-rich cells, a cheaper alternative to conventional EV batteries. https:// thenextweb.com/news/gm-lmr-bil lion-spring-hill # Climate #… · startups@vivaldi.net · 2

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