Ultium Cells to power EV future
GM, LG Chem venture officially named
LORDSTOWN — The GM / LG Chem battery-cell manufacturing joint venture will be named Ultium Cells LLC.
The joint venture’s previous working name was GigaPower LLC.
GM / LG Chem announced the partnership last December. Now it has received regulatory approval and is an official business entity.
The business will use the Ultium name for the coming battery system that was rolled out during GM EV Media Day at its Warren, Mich., technical center in early March.
The joint venture business and the Lordstown battery-cell plant’s official address is 7400 Tod Ave. SW, Warren.
In addition, work at the plant site has begun. Site-clearing activities and grading work began in mid-April.
General Motors and LG Chem will mass produce battery cells for future battery-electric vehicles. Together, the companies will invest up to a total of $2.3 billion.
The battery-cell assembly plant will create more than 1,100 new jobs.
The state-of-the-art plant will use the most advanced manufacturing processes all under one roof to produce cells efficiently, with little waste.
Local officials have said the battery-cell venture, along with the recent sale of GM’s manufacturing complex in Lordstown to Lordstown Motors Corp. for the production of battery-electric trucks, positions northeast Ohio and the Mahoning Valley as a major hub for technology and electric vehicle manufacturing.
Earlier this year, GM announced a strategy to grow the company’s electric vehicle sales quickly.
The heart of GM’s strategy is a modular propulsion system and the highly flexible, third-generation global EV platform powered by proprietary Ultium batteries.
GM said its new Ultium batteries are unique in the industry because the large-format, pouch-style cells can be stacked vertically or horizontally inside the battery pack. This allows engineers to optimize battery energy storage and layout for each vehicle design.