#LeoStylo #Lz6
GM AND LG ENERGY SOLUTION EXTEND BATTERY TECHNOLOGY PARTNERSHIP
General Motors and LG Energy Solution are extending their 14-year battery technology partnership to include prismatic cell development.
GM expects the prismatic cell technology developed under the agreement to power future GM electric vehicles, as part of the company’s strategy to diversify its supply chain, leveraging multiple chemistries and form factors. GM will continue to leverage the Ultium Cells plants in Warren, Ohio and Spring Hill, Tennessee, which produce pouch battery cells, to meet growing demand for its electric vehicles.
Prismatic cells feature a flat, rectangular shape with a rigid enclosure, which allows for space-efficient packaging within battery modules and packs. That approach can reduce EV weight and cost, while simplifying manufacturing by reducing the number of modules and mechanical components. LG Energy Solution has both experience with prismatic cell production and an extensive patent portfolio on battery design and manufacturing technologies, including packaging.
GM is embracing a technology agnostic approach to battery cells, to optimize for range, performance, and charging speed, improving the experience for every EV driver.
“Together with LG Energy Solution, we’ve built Ultium Cells into one of the largest battery cell manufacturers in North America, creating thousands of advanced technology jobs in the U.S. and powering our diverse EV portfolio,” said Kurt Kelty, GM vice president of battery cell and pack. “We’re focused on optimizing our battery technology by developing the right battery chemistries and form factors to improve EV performance, enhance safety, and reduce costs. By extending our partnership with LG Energy Solution, we’re taking an important step toward these goals.”
Ultium Cells has created thousands of jobs in the U.S. in Ohio and Tennessee. The battery cells produced at these plants power GM’s latest EVs including the Chevrolet Silverado EV, GMC Sierra EV, Cadillac LYRIQ, Chevrolet Blazer EV and Chevrolet Equinox EV, as well as the GMC HUMMER EV Pickup and SUV.
“LG Energy Solution is proud to be expanding its relationship with one of its strongest partners. Together with GM, we’ve already made tremendous progress,” said Wonjoon Suh, executive vice president and head of the company’s Advanced Automotive Battery division. “We look forward to deepening our collaboration to drive the right chemistry and battery combinations for continued growth in the EV market.”
General Motors (NYSE:GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM’s Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry’s widest range of EVs, as we move to an all-electric future. Learn more at GM.com.
Cautionary Note on Forward-Looking Statements: This press release and related comments by management may include “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact and represent our current judgment about possible future events. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results, and our actual results may differ materially due to a variety of factors, many of which are described in our most recent Annual Report on Form 10-K and our other filings with the U.S. Securities and Exchange Commission. We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law.
Stay tuned with Leostylo for the latest trends and fashion insights! ✨🖋️
