Ultium Cells Spring Hill LFP Retool — $70M retooling of Tennessee EV battery plant to produce LFP cells for grid-scale energy storage
Ultium Cells LLC (GM + LG Energy Solution JV) invests $70M to retool its Spring Hill, Tennessee facility from EV battery production to LFP cells for stationary grid-scale energy storage. Cells will supply LG Energy Solution Vertech for grid-scale BESS assembly. ~700 previously furloughed workers returning to support production. Q2 2026 production start target. Part of GM/LG's broader 60+ GWh global storage target. Note: The pipeline candidate (dc-2026-04-01-ultium1) contained an erroneous value of $370M; all primary sources confirm $70M.
$70M
Deal Value
BESS
Technology
TN
Location
Deal Details
- Deal Type
- Strategic & Growth Capital
- Seller / Sponsor
- Ultium Cells LLC (GM + LG Energy Solution JV)
- Deal Value
- $70M
- Stage
- Under Construction
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