NASHVILLE, Tenn., Sept. 29 -- The Tennessee Department of Economic and Community Development issued the following news release:
NASHVILLE, Tenn. -Tennessee Gov. Bill Lee and Deputy Governor and Department of Economic and Community Development Commissioner Stuart McWhorter today announced Ultium Cells LLC, a joint venture of LG Energy Solution and General Motors (GM), will retool and diversify its Spring Hill, Tennessee, battery cell manufacturing operations.
Ultium Cells will invest $1 billion in its Spring Hill facility, which is expected to be the first in the world to produce prismatic lithium manganese-rich (LMR) battery cells in mass production, a technology that offers energy density 33% greater than lithium iron phosphate (LFP) - t...