Monday, December 13, 2021
As the rise of electric vehicles continues, many countries and industries have been pushing to get ahead of the demand for batteries, microchips, and other key components in these vehicles. In the US, automakers and suppliers have begun expanding battery capabilities, with major announcements continuing this week.
This past week, the New York Times and Wall Street Journal reported that GM and LG Electronics had filed applications in Lansing, Michigan for a reported $2.5-3 billion battery plant. The report cited plans to convert an electric car plant currently manufacturing the Bolt to an electric pickup, and the planned development of a battery plant nearby. GM is also investing in battery plants in Ontario, Canada; Mexico; Ohio; and Tennessee. GM is gearing up…