GM Presses Ahead With New Battery Investment as EV Market Slumps

General Motors Co. and LG Energy Solution plan to add more battery production lines at their joint venture plant in Tennessee to make lower-cost cells starting in late 2027, the companies said in a statement Monday. The amount of the investment was not disclosed.

The Ultium Cells LLC plant in Spring Hill, Tennessee, will begin to make lower-cost lithium iron phosphate batteries, or LFP, in addition to more-expensive and longer-range nickel-based batteries. The new LFP batteries will enable GM to make more lower-priced electric vehicles.