Mmastodon BusinessStartups first seen 13 h ago, last 53 min ago, peak #2

GM and LG to spend $1 billion on prismatic battery plant

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

General Motors and LG Energy Solution will invest $1 billion to convert their Spring Hill plant in Tennessee into the first factory mass-producing prismatic lithium manganese-rich battery cells. The chemistry is seen as a cheaper alternative to conventional EV batteries, and the move signals GM's push to cut electric vehicle costs while scaling domestic battery production.

Why now: A major billion-dollar investment in a novel, cheaper EV battery chemistry is significant news for the auto and battery industries.

General MotorsLG Energy SolutionSpring HillTennessee

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Rank over time, top of the chart is #1. 4 snapshots from 4 h ago to 53 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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