ultium cells llc stock symbol

Type a symbol or company name. Sharon Wrobel for When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Work for a company making a difference. 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. My Watchlist. In December 2022, the Department of Energy announced the closing of a $2.5 billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan. The General Motors Thesis: Ultium is a major part of General Motors entire EV capabilities, Jonas said. Hiring is already underway as the Ultium Cells Spring Hill team continues to onboard key launch team members for the business. Battery cell production at the 2.8 million-square-foot facility will begin in late 2023. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Ultium Cells will provide battery cell capacity to support GM's North American electric vehicle assembly capacity of more than 1 million units by mid-decade, while supporting GM plans to supply other automotive companies and other industries including rail, aerospace, heavy trucking and marine customers. Ultium Cells LLC, a joint venture between General Motors and LG Energy Solution, will mass-produce Ultium battery cells at its Lordstown, Ohio facility to advance the push for a zero-emission, all-electric future. The plant will be extremely flexible and able to adapt to ongoing advances in technology and materials. Its robust global network, which spans North America, Europe, Asia, and Australia, includes battery manufacturing facilities established through joint ventures with major automakers such as General Motors, Stellantis N.V., Hyundai Motor Group, and Honda Motor Co., Ltd. At the forefront of green business and sustainability, LG Energy Solution aims to achieve carbon neutral operations by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. The plant is to be built by Ultium Cells LLC, a joint venture between the two companies. Lithium cells can produce voltages from around 1.5V (comparable to a zinc-carbon or alkaline battery) to around 3.7V, depending on the design and chemical compounds that were used in the. Currencies. Markets. Overview. WARREN, Ohio Yesterday, Ultium Cells hosted General Motors, OnStar and the Illinois Fire Service Institute (IFSI) to deliver hands-on training to prepare local community First and Second Responders to operate safely at incidents involving Battery Electric Vehicles. mesurer votre utilisation de nos sites et applications. According to the analyst, the Ultium Cells LLC joint venture will be a game-changer for GM and he expects it to result in value creation for shareholders. General Motors (GM) Ultium Cells Workers Vote to Join UAW - Yahoo Finance 7/26/2022. Through Ultium Cells, LG Energy Solution and GM will merge their advanced technologies and capabilities to help accelerate automotive electrification. In 2018, GM "un-allocated" its Lordstown Assembly plant, later idling the facility and then selling it to Lordstown Motors. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 2022-12-2. SPRING HILL, Tenn. - Ultium Cells LLC, the battery cell manufacturing joint venture of LG Energy Solution and General Motors, today announced the company is investing an additional $275 million in the Ultium Cells Spring Hill plant to expand the facility's battery cell output by more than 40 percent, from 35 gigawatt-hours to 50 GWh, when the WARREN, Ohio Ultium Cells today welcomed Ohio Governor Mike DeWine to its battery cell manufacturing facility in Ohio. Li-Cycle and Ultium Cells LLC Announce Agreement on Recycling of Our Mission: Transform the way we power vehicles to support our customer GM's installed North American electric vehicle assembly capacity, while supporting GM plans to supply other automotive companies and other industries including rail, aerospace, heavy trucking and marine customers. By: Li . 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. Once the symbol of unrepentant gas-guzzling, the Hummer should now pass muster at any Silicon Valley cocktail party with its electric power train and zero tailpipe emissions. Additional career opportunities can be found on the Ultium Cells website. The Strong Buy consensus rating shows 11 Buys versus 1 Hold. LG Energy Solution is a global leading battery maker providing the best solutions within the energy sector for a better world. Round. Loan. . 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. Stock Quote Recent Quotes. If our forecasts for the long term growth of the global EV market are even remotely in the ballpark, we believe there will be plenty of room to go around for competing EV supply beyond the likes of Tesla," Jonas wrote in the note. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Holden, Baojun and Wuling brands. "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.". ", "This partnership with General Motors will transform Tennessee into another key location for electric vehicle and battery production. Buoyed by the move to construct the new battery cell plant, Morgan Stanleys analyst Adam Jonas reiterated a Buy rating on the stock. . An average analyst price target of $68.15 implies 16.08% upside potential to current levels. Sign up for notifications from Insider! We need technology-savvy people to fill roles across our organizationmanufacturing, administration, and more. The facility will be located in Lansing, Michigan. Ultium Cells Stock Price, Funding, Valuation, Revenue & Financial When fully operational in 2022, the $2.3 billion Ultium Cells LLC plant in Lordstown will span three million-square-feet, with annual capacity of approximately 35 gigawatt hours. Morgan Stanley Raises General Motors Target On Ultium Valuation - Yahoo We embrace this potential by manufacturing our battery cells in cutting-edge facilities where quality and safety are the top priorities. Technology Innovation Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. More information on the company and its subsidiaries, includingOnStar, a global leader in vehicle safety and security services, can be found athttps://www.gm.com.

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