General Motors is looking to build a second battery factory in the United States with South Korean joint venture partner LG Chem, Reuters cited a Wall Street Journal report as saying on Thursday (4 March).
The companies are close to completing a decision to locate the plant in Tennessee, the reports said. The WSJ cited unnamed sources “familiar with the matter”.
Neither GM nor LG responded immediately to Reuters’ requests for comment.
The two companies are currently building a US$2.3bn battery plant in northeast Ohio which is expected to open next year and eventually supply enough batteries to power hundreds of thousands of vehicles annually.
GM investing at two Ohio plants
GM “working with all the best startups” on EVs – EVP
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData