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LG and GM to build second EV battery plant in US for $2.3bn

South Korean companies rush to cash in on Biden infrastructure plans

A conceptual rendering of the Ultium Cells battery cell manufacturing facility to be built in Spring Hill, Tennessee. (Photo courtesy of General Motors)

SEOUL -- LG Energy Solution and General Motors will invest more than $2.3 billion to build another battery cell manufacturing plant in the U.S., the companies announced Friday at an event in the state of Tennessee, where the factory will be located.

The plant will be built by Ultium Cells, a U.S.-based joint venture of the two companies, with construction to begin immediately. The facility is scheduled to go online in late 2023 and will create 1,300 jobs.

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