Mmastodon BusinessStartups first seen 1 h ago, last 34 min ago, peak #5

GM and LG to spend $1 billion on prismatic battery plant

Original: GM and LG Energy Solution will spend 1B USD turning their Spring Hill plant into the first factory to mass-produce prism

General Motors and LG Energy Solution will invest $1 billion to convert their Spring Hill plant into the first factory mass-producing prismatic lithium manganese-rich battery cells, a cheaper alternative to conventional EV batteries. The move is seen as a significant step in lowering electric vehicle costs and scaling next-generation battery technology in the United States.

Why now: The announcement signals a major shift toward cheaper next-generation EV battery production, drawing attention from the auto and cleantech sectors.

General MotorsLG Energy SolutionSpring Hilllithium manganese-rich cells

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Rank over time, top of the chart is #1. 3 snapshots from 1 h ago to 34 min ago.

Evidence

• GM and LG Energy Solution will spend 1B USD turning their Spring Hill plant into the first factory to mass-produce prismatic lithium manganese-rich cells, a cheaper alternative to conventional EV batteries. https:// thenextweb.com/news/gm-lmr-bil lion-spring-hill # Climate #… · startups@vivaldi.net · 2

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