20 ribeyes for $29 backyard butchers; difference between bailment and contract. Ultium Cells will invest $275 million in its Spring Hill, Tennessee, battery plant to expand EV battery cell output by 40%. 10 Biggest Price Target Changes For Tuesday, View More Analyst Ratings for GM View the Latest Analyst Ratings, 7 Reasons Why This Teladoc Health Analyst Is Turning Bullish, BofA Cuts Intel Target On Uncertain Roadmap, Why This Peloton Analyst Says An Apple Fitness Subscription Poses Little Threat. Shares are trading below 1% in the pre-market trading ahead of the earnings. Meanwhile, the stock has lost 43.6% so far this year. General Motors : Ultium Cells LLC Seeking 1,100 Team Members to Help 7 Lithium and Battery Stocks for Big Growth | InvestorPlace DICE Dental International Congress and Exhibition. GM Price Action: Shares of General Motors were trading at around $30.15 at the time of publication. Dan Flores In 2019, Ultium announced it would invest $2.3billion to build the first of four battery cell plants: Ultium Cells Warren located near GM's former Lordstown Assembly plant in northeast Ohio. LORDSTOWN, Ohio - The president and CEO of Ultium Cells LLC said Wednesday that a key component in making its $2.3 billion electric-vehicle battery plant a success will be its workforce. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. Become a subscriber. GM andits South Korean battery partner LG Chem arebuilding two new battery cell plants: One in Lordstown,Ohio, whichwill start operations in the first quarter of 2022, andthe other in Spring Hill, Tennessee, that will begin operations in 2023. Ultium Cells LLC Battery Cell Manufacturing Plant in Spring Hill "But the fact that Ultium isa joint venture, its not going to be like a typical GM plant where the UAW is pretty much guaranteed to be in there. The average General Motors price target of $53 implies 53.5% upside potential to current levels. jennifer.mceachern@tn.gov, Go to Economic & Community Development (ECD). Ashlee Shin Please note all regulatory considerations regarding the presentation of fees must be taken into account. Benzinga does not provide investment advice. D&B Business Directory HOME / BUSINESS DIRECTORY / MANUFACTURING / ELECTRICAL EQUIPMENT, APPLIANCE, AND COMPONENT MANUFACTURING Ultium Cells will spend $2.6 billion to build thenew battery cell plant in Lansing on 590 acres adjacent to GM's Lansing Delta Township Assembly plant. ULTIUM CELLS | Department of Energy This enormous investment supports our efforts in advanced manufacturing and strengthens our position as the leader of the electric vehicle industry in the Southeast. TNECD Commissioner Bob Rolfe, The addition of our second all-new Ultium battery cell plant in the U.S. with our joint venture partner LG Energy Solution is another major step in our transition to an all-electric future. - Tom Gallagher, vice president of operations, Ultium Cells LLC "Ultium Cells will play a critical role in making GM's commitment to an all-electric future a reality. Ultium Cells LLC, a joint venture of LG Energy Solution and General Motors, is planning a more than $2.3 billion investment to build a second battery cell manufacturing plant in Spring Hill, Tennessee. Governor Lee, Commissioner Rolfe Announce General Motors - Tennessee