GM General Motors and LG Chem have named their joint venture "Ultium Cells LLC." "Ultium" is the name that GM revealed earlier this year when the car company announced its battery. The state-of-the-art Spring Hill plant will use the most advanced and efficient battery cell manufacturing processes. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Hiring is already underway as the Ultium Cells Spring Hill team continues to onboard key launch team members for the business. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Jonas has an $80 price target on GM,. Zero Emission | Advanced Technology | Ultium Cells LLC Technology Innovation General Motors (NYSE:GM) is a global company committed to delivering safer, better and more sustainable ways for people to get around. Morgan Stanley analyst Adam Jonas last month maintained a Buy rating on the stock with a $80 price target (54% upside potential) following recent talks with investors, which point to a rising interest in what he calls "the individual 'hidden gems' within" GMs technology and services portfolio, including scalable technologies in electric, connected and autonomous vehicle end markets. Ultium Cells LLC Company Profile | Warren, OH - Dun & Bradstreet * Approximate amount of the loan facility approved at closing including principal and any capitalized interest. Team members and construction partners gathered to recognize this historic milestone, occurring just over one year after construction began and without a lost-time incident. This allows engineers to optimize battery energy storage and layout for each vehicle design. The loan was issued in late November 2022 and was announced in December 2022. Energy options range from 50 to 200 kilowatt hours, which could enable a GM-estimated range up to 450miles or more on a full charge with 0-60 mph acceleration in 3 seconds1. Morgan Stanley Raises General Motors Target On Ultium - Benzinga With a 30-year history in the battery business, LG Energy Solution has made consistent, large-scale investments to accumulate enough stability, credibility and manufacturing experience to invent its own cutting-edge technologies. A final selection though hasnt yet been made. General Motors confirmed on Thursday that the vehicle maker is weighing building a second battery cell manufacturing plant in the US with joint venture partner LG Energy Solutions. Jonas believes that for General Motors to capitalize on the opportunity, it will need to develop its ability to attract and retain capital and people. GM Price Action: Shares of General Motors were trading at around $30.15 at the time of publication. WARREN, Ohio Ultium Cells today welcomed Ohio Governor Mike DeWine to its battery cell manufacturing facility in Ohio. Overall, Wall Street analysts share Jonas bullish outlook on the stock. 1Actual range will vary based on several factors, including temperature, terrain, battery age, vehicle model, loading, use and maintenance. Ultium Cells, a joint venture between General Motors and LG Energy Solution, will mass-produce Ultium battery cells to advance the push for a zero-emissions, all-electric future. Once complete, the plant will produce battery cells to be used in General Motors (GM) Spring Hill assembly plant. Ultium Cells LLC | LinkedIn But we understand that it's what's on the inside that counts, with our batteries and our people. Type a symbol or company name. Ultium Cells, a joint venture of LG Energy Solution and General Motors, today announced a $2.6 billion investment to build its third battery cell manufacturing plant in the United States. ETFs. The companies made the announcement on Tuesday and said that the new, 50-50 joint venture would be called "Ultium Cells LLC." More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. While some investors view Ultium as copying Tesla Inc (NASDAQ:TSLA), there seems to be only one mission for General Motors to grow. The value of Ultium Cells LLC, which is a joint venture between General Motors and South Korean chemical firm LG Chem, is estimated at $20 billion, according to Morgan Stanley. For more information about LG Energy Solution, please visit https://www.lgensol.com. Early conceptual rendering of Ultium Cells LLC battery cell manufacturing facility in Lansing, Michigan. ULTIUM CELLS | Department of Energy Ultium Cells LLC 6,477 followers 2mo Today, we celebrated the final beam installation at our facility under construction in Lansing, Michigan alongside construction partners and ironworkers! The new plant is likely to be a similar-size investment, the WSJ said. The strategic partnership should also affirm Tennessees stature as a key hub for electric vehicles and battery production. "The Cruise Origin was revealed in San Francisco earlier this year, and production timing remains on track for the yet-to-be-revealed Cadillac Lyriq and GMC HUMMER EV, all powered by the Ultium battery system.". View original content:http://www.prnewswire.com/news-releases/gm-and-lg-energy-solution-investing-2-3-billion-in-2nd-ultium-cells-manufacturing-plant-in-us-301270646.html. Li-Cycle and Ultium Cells LLC Announce Agreement on Recycling of At the heart of this strategy is the Ultium battery platform, which powers everything from mass-market to high-performance vehicles. IBM Acquires myInvenio To Enhance Business Processes Automation. TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. Ultium Cells LLC Announces Plans to Pr | Ultium Cells LLC Work for a growing company in a growing industry with opportunities to learn and advance. Ultium Cells LLC, a joint venture of LG Energy Solution and General Motors, today announced a more than $2.3 billion investment to build its second battery cell manufacturing plant in the United States. The General Motors . Battery cell production at the 2.8 million-square-foot facility will begin in late 2023. Latest news about Ultium Cells - Stock Market - CloudQuote LORDSTOWN, Ohio - GM continues to advance toward an all-electric, zero-emissions future with the construction of its nearly 3 million-square-foot Ultium Cells LLC battery cell manufacturing facility in Lordstown. NOW WATCH: Here's how the million-mile battery could lead to Teslas lasting a lifetime, GM revealed earlier this year when the car company announced its battery technology, Visit Business Insider's homepage for more stories. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. In 2010, the company built its first U.S battery plant in Holland, Michigan. Ultium Cells is focused on the future of the transportation industry and its impact on the world, both culturally and environmentally. My Watchlist. Sharon Wrobel for Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Which is why we need a team of forward-thinking folks, ready to seize the opportunity and help us charge into a more sustainable, all-electric transportation future powered by Ultium Cells batteries. US: GM To Build Two Additional Battery Cell Plants - InsideEVs Morgan Stanley Raises General Motors Target On Ultium Valuation U.S. Department of Energy LP 101000 Independence Avenue, SWWashington D.C. 20585, New Factories in Ohio, Tennessee, and Michigan Will Create More than 11,000 Good-Paying Jobs and Reduce the Nations Reliance on Other Countries to Meet Increased Demand for Electric Vehicle Technologies, Today the Department of Energys Loan Programs Office (LPO) announced a conditional commitment to Ultium Cells LLC for a $2.5 billion loan to help finance the construction of new lithium-ion (Li-ion) battery cell manufacturing facilities in OH, TN, MI. 2022-12-2. Find the latest Altium Limited (ALMFF) stock quote, history, news and other vital information to help you with your stock trading and investing. Type a symbol or company name. News. Written by The cells manufactured by Ultium Cells LLC are large format, pouch-type cells that use a state-of-the-art nickel-cobalt-manganese-aluminum (NCMA) chemistry to deliver more range at less cost. GM and LG are on the cusp of taking a decision to locate the plant in Tennessee, the WSJ reported. By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. A General Motors and LG Energy Solution $2.3 billion joint venture battery production plant in Ohio has begun production. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Ultium batteries are unique in the industry because the large-format, pouch-style cells can be stacked vertically or horizontally inside the battery pack. SPRING HILL, Tenn. Ultium Cells today welcomed U.S. Treasury Secretary Janet Yellen to its battery cell manufacturing facility under construction in Spring Hill. Written by We call on the ingenuity of our people, the technology behind our ultium battery cell manufacturing and the strengths of LG Energy Solution and General Motors. The move, which was first reported by the Wall Street Journal, is part of the Detroit car makers strategy to expand its investment in electric vehicles. Ditch the brown bag and enjoy lunch in the charging station. Costcos 2Q Sales Soar 15% On E-Commerce Boom; Street Is Bullish, Splunks 4Q Results Top Wall Street Estimates; Shares Jump 5.1%, Zynga Snaps Up Echtra Games; Street Says Buy, Do Not Sell My Personal Information (CA Residents Only). afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Stay up to date with what you want to know. Earlier this year, GM unveiled its new Ultium battery technology, intended to power 22 new electrified vehicles by 2023. The 2.8-million square foot Ultium Cells LLC plant is the first of at . LANSING, Mich. Ironworkers, construction partners and Ultium Cells leadership today celebrated the final beam installation at the Ultium Cells battery cell manufacturing facility under construction in Lansing, Michigan. Ultium Cells LLC is a joint venture with LG Chem that will mass-produce Ultium battery cells for electric vehicles and create more than 1,100 new jobs in Northeast Ohio. Electric Vehicle Charging on-site! Altium Limited (ALMFF) Stock Price, News, Quote & History - Yahoo Finance General Motors (GM) Ultium Cells Workers Vote to Join UAW - Yahoo Finance
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