GM, LG Energy announce historic $2.3 billion investment
NASHVILLE, Tenn.– State Rep. Scott Cepicky, R-Culleoka, welcomed Maury County’s newest employer, Ultium Cells LLC following a major economic development announcement at Tennessee State Museum on Friday.
Gov. Bill Lee and Department of Economic and Community Development Commissioner Bob Rolfe today announced Ultium Cells LLC, a joint venture of LG Energy Solution and General Motors, will invest more than $2.3 billion to build its second battery cell manufacturing plant in the United States.
Located in Spring Hill, the project will create 1,300 new manufacturing jobs in Maury County.
“This historic investment is a big win for Tennessee and further demonstrates why our state is a top choice for global companies looking to innovate technologies and expand clean energy discoveries in North America,” Cepicky said. “This proves that cultivating a pro-business environment and making investments in education and infrastructure results in economic growth.”
Ultium Cells LLC will build the new 2.8-million-square-foot, state-of-the-art plant on land leased from General Motors. Construction will begin immediately, and the plant is scheduled to be open in late 2023. Once operational, the Ultium Cells plant will supply battery cells to GM’s Spring Hill assembly plant.
In October 2020, GM announced it would invest $2 billion in its Spring Hill assembly plant to begin the transition to become the company’s third electric vehicle manufacturing site, and the first outside of the state of Michigan. The all-new Cadillac LYRIQ will be the first electric vehicle produced at GM’s Spring Hill assembly plant. GM will also continue to produce the Cadillac XT6 and XT5 at the facility.
Through Ultium Cells, LG Energy Solution and GM will merge their advanced technologies and capabilities to help accelerate automotive electrification.
Tennessee claims nearly 40 percent of the Southeast’s electric vehicle manufacturing jobs and investment, with more than $4.2 billion invested by companies in Tennessee’s electric vehicle industry. In addition, more than 16,000 electric vehicles are produced in the state each year, which ranks Tennessee No. 1 in the Southeast for electric vehicle manufacturing.
“This partnership solidifies Tennessee’s standing as a leader in the automotive industry. I welcome our newest employer and look forward to working together to create more jobs for Middle Tennessee,” Cepicky said.