Ultium Cells receives financial boost for new battery plants in US

Peng Chen, DIGITIMES Asia, Taipei Tuesday 13 December 2022 0

Early conceptual rendering of Ultium's plant in Michigan. Credit: Ultium

General Motors and LG Energy Solution's battery joint venture got a US$2.5 billion loan from the US government. The loan will support Ultium Cells' three battery projects in Ohio, Tennessee and Michigan.

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