LG Chem is building a $3 billion battery cathode factory for EVs in Tennessee – and it just inked a multi-billion dollar deal with GM.
LG Chem has secured a long-term cathode material supply contract with General Motors (GM) worth $19 billion. The contract will commence in 2026 – when the factory is expected to come online – and run until 2035.
Ultium Cells, a joint venture between LG Energy Solution and GM, will primarily use the NCMA (nickel, cobalt, manganese, aluminum) cathode materials made at LG’s Tennessee factory.
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