LG Energy Solution
A battery manufacturing company under South Korea's LG Group and one of the world's major suppliers of power batteries. It has established joint-venture battery plants with several automakers.
Timeline (last 90 days)
In recent years, General Motors has built several large battery cell plants in Ohio, Tennessee, and other locations through joint ventures with LG Energy Solution.
The Ultium platform is a modular battery platform jointly developed by General Motors and LG Energy Solution, using pouch cells and supporting various battery pack configurations from 50 kWh to 200 kWh.
Ultium battery cell plants are mainly located in Lordstown, Ohio, Spring Hill, Tennessee, and other sites, operated by Ultium Cells, the joint venture between GM and LG Energy Solution.
Key factors driving battery cost reductions include the shift in cathode materials from cobalt-dependent chemistries to lower-cost systems such as lithium iron phosphate (LFP), improvements in cell manufacturing yield rates, and the construction of ultra-large-scale production capacity by leading battery manufacturers such as CATL and LG Energy Solution.
All Facts (4)
In recent years, General Motors has built several large battery cell plants in Ohio, Tennessee, and other locations through joint ventures with LG Energy Solution.
50%UnverifiedThe Ultium platform is a modular battery platform jointly developed by General Motors and LG Energy Solution, using pouch cells and supporting various battery pack configurations from 50 kWh to 200 kWh.
50%UnverifiedUltium battery cell plants are mainly located in Lordstown, Ohio, Spring Hill, Tennessee, and other sites, operated by Ultium Cells, the joint venture between GM and LG Energy Solution.
50%UnverifiedKey factors driving battery cost reductions include the shift in cathode materials from cobalt-dependent chemistries to lower-cost systems such as lithium iron phosphate (LFP), improvements in cell manufacturing yield rates, and the construction of ultra-large-scale production capacity by leading battery manufacturers such as CATL and LG Energy Solution.
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