GM's Ultium Cells Venture To Save Electric Vehicles In US

General Motors’ Ultium Cells joint venture with LG Energy Solution is advancing plans to produce low-cost Lithium Iron Phosphate (LFP) batteries for electric vehicles (EVs) in the US, aiming for commercial production by late 2027. LFP batteries, known for being less expensive than conventional lithium-ion batteries, had initially lagged due to performance issues but have recently improved in both cost and efficiency. Ultium Cells is converting its Spring Hill, Tennessee factory to manufacture these LFP cells, complementing GM’s existing high-nickel and lithium manganese battery technologies to diversify its EV portfolio despite political resistance and the impending expiration of EV tax credits. Key executives from GM and LG Energy Solution emphasized the strategic importance of LFP technology in making EVs more affordable and accessible to a broader range of consumers. Kurt Kelty, GM’s VP of batteries, propulsion, and sustainability, highlighted the company’s commitment to balancing range, performance, and affordability, while LG’s Wonjoon Suh unders