US Loans $2.5 Billion to Ultium Cells for Lithium-ion Battery Manufacturing

Ultium Cells will build one facility each in Ohio, Tennessee, and Michigan

December 16, 2022

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The U.S. Department of Energy (DOE) announced the closing of a $2.5 billion loan to Ultium Cells, a joint venture between General Motors (GM) and LG Energy Solutions, to construct three new lithium-ion battery manufacturing units in Ohio, Tennessee, and Michigan.

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Gourav Mishra

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US Loans $2.5 Billion to Ultium Cells for Lithium-ion Battery Manufacturing

Continue Reading with Premium Access

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