GM looks to build second U.S. battery factory, Tennessee likely

General Motors Strives to Be, Carbon Neutral by 2040.The automaker announced its bold science-based plan for carbon neutrality Thursday.General Motors is joining governments and companies around the globe working to establish a safer, greener and better world, Mary Barra, GM chair and CEO, via NPR News.Part of the plan calls for the end of gas-powered, light-duty automobile production by 2035.The company is aiming for 40%of its auto production to includebattery-powered vehicles by 2025.We encourage others to follow suit and make a significant impact on our industry and on the economy as a whole, Mary Barra, GM chair and CEO, via NPR News.Transportation is responsible for 28% of all greenhouse gas emissions in the U.S.GM has made this commitment as part of its membership with the Science Based Targets Initiative, .which "drives ambitious climate action in the private sector by enabling companies to set science-based emissions reduction targets."

DETROIT — General Motors says it’s looking for a site to build a second U.S. battery factory with joint venture partner LG Chem of Korea.

The companies hope to have a decision on a site in the first half of the year, spokesman Dan Flores said Thursday.

ExploreGeneral Motors sets goal of going largely electric by 2035

Flores would not say where the company is looking, but it’s likely to be near GM’s Spring Hill, Tennessee, factory complex, which is one of three sites the company has designated to build electric vehicles.

A joint venture between GM and LG Chem currently is building a $2 billion battery factory in Lordstown, Ohio, near Cleveland, that will employ about 1,000 people. The site is fairly close to GM’s two other designated electric vehicle plants, one in Detroit and the other north of the city in Orion Township, Michigan.

GM is likely to need far more battery capacity if it’s able to deliver on a goal of converting all of its new passenger vehicles from internal combustion engines to electricity by 2035.

LG Chem now has a battery cell plant in Holland, Michigan, that supplies power to the Chevrolet Bolt hatchback and the new Bolt electric SUV.

Industry analysts have said automakers face a global shortage of batteries as the industry moves away from gasoline-powered vehicles. Most of the world’s batteries are built in China and other countries.

The Wall Street Journal first reported that GM and LG Chem are pursuing a site in Tennessee to build a new battery plant.

GM’s venture is risky, at least based on U.S. electric vehicle sales. Last year, full-battery electric vehicles accounted for only 2% of the U.S. market of 14.6 million in new vehicle sales. But automakers are set to roll out 22 new electric models this year and are baking on wider consumer acceptance.

The consulting firm LMC Automotive predicts that U.S. battery-powered vehicle sales will hit more than 1 million per year starting in 2023, reaching over 4 million by 2030.

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