General Motors is considering building a second battery factory in the United States, The Wall Street Journal reports , in order to ramp up its production of electric vehicles in the interest of becoming a completely carbon neutral company by the year 2040 . The factory would be built in collaboration with LG Chem, the South Korean battery maker that is already working with GM on a battery factory in northern Ohio. According to the Journal , the second facility is likely to be located in Tennessee, though a final location has yet to be selected. A spokesperson for GM confirmed that a second factory is being discussed with LG Chem, and a decision is expected sometime in the first half of 2021. GM announced the construction of its first battery factory in December 2019. The automaker set up a joint venture with LG Chem, with the two companies committing to spend $2.3 billion on a new facility located in Lordstown, Ohio. GM, the largest automaker in North America based on sales, is increasingly staking its future on electric vehicles. The company has vowed to spend $27 billion on the development and production of 30 new electric vehicles by 2025,… Read full this story
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