ultium cells stock symbol ultium cells stock symbol

Related Link: Charging Infrastructure SPAC Plays: Is EVGo The Best of The Bunch. The cells go into modules that then jointly power the vehicle inside the vehicle's base, or platform. Plus500. Joho Capital boosted its stake in LTHM by 32% during the third quarter. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. We embrace this potential by manufacturing our battery cells in cutting-edge facilities where quality and safety are the top priorities. Ultium Cells is taking the appropriate steps to support GMs plan for more than 1 million units of EV capacity in North America by mid-decade., Ultium Cells will play a critical role in making GMs commitment to an all-electric future a reality, said Tim Herrick, GMs vice president of EV Launch Excellence. Port Authority Flexfit Delta Cap. Ultium Charge 360 is also available to our fleet and BrightDrop customers and offers fleet and facility management tools, integration with GM's fleet . The cells manufactured by Ultium Cells LLC are large format, pouch-type cells that use a state-of-the-art nickel-cobalt-manganese-aluminum (NCMA) chemistry to deliver more range at less cost. Both factories will supply the automaker with the cells needed for . The Cadillac model resembled the Origin, a shared autonomous shuttle unveiled last year by Cruise, GM's majority-owned self-driving vehicle subsidiary. It's been just over five months since General Motors GM +0.2% and LG Chem announced the formation of a new joint-venture to produce lithium ion cells for electric vehicles. It is the most significant investment by an automaker to produce battery raw materials, and lithium carbonate from Thacker Pass would be used in GM's Ultium battery cells. Production is slated for August of 2022. A Japanese conglomerate and battery supplier to Tesla. For the fiscal fourth quarter that ended December 31, 2022, GM's revenue increased 28.4% year-over-year to $43.11 billion. General Motors and LG Chem are doing preparatory construction on a new, $2.3 billion factory in Ohio. 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. At CES, which is being streamed online this year, GM released new details of upcoming EVs, specifically for its luxury Cadillac brand. Starting at $4.50. They can be arranged in different combinations of flexible modules and battery packs to provide the energy for every segment on the road today, from performance vehicles to work trucks. By expanding battery cell output at Ultium Cells Spring Hill, this investment will help GM offer customers the broadest EV portfolio of any automaker and further solidifies our path toward U.S. EV leadership., The increased cell production capacity at Ultium Cells will power more EVs in North America, moving toward a greener future," said Charles Oh Young Hyun, president at LG Energy Solution Michigan. They differ from other batteries with their high charge density (long life) and high cost per cell unit. General Motors has made several announcements in the last 18 months that underscore its commitment to an all-electric, zero-emissions future, including: General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. Ultium batteries are unique in the industry because the large-format, pouch-style cells can be stacked vertically or horizontally inside the battery pack. It gets even better with Ultium's innovative feature - digital programming. Ultium Cells started construction on a battery cell plant near Spring Hill to take over providing the batteries for the Lyriq when it starts running later next year. Ultium in April announced a second $2.3 billion U.S.-based battery factory in Spring Hill, Tennessee that is due to open in 2023. GM's stock closed up 1.9% at $48.73 a share, setting a new closing record after hitting an intraday high of $50.97 earlier Wednesday. 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. Stay up to date with what you want to know. We have been publicly sharing some of our monthly newsletter's stock picks as well. Technology Innovation Ensure excellence of Battery Cell Manufacturing through implementation of best practices from each company to contribute to the expansion of Zero-Emission propulsion on a global scale. This $12 billion market cap company has $1 billion in cash and only $2 billion in debt which is very low compared to other large mining stocks. They can be used in portable consumer devices such as smartphones, smart watches, and other smart devices. That includes a new glass roof made of smart glass that allows each occupant to set their own transparency levels. The next-generation vehicles are expected to offer up to 600 miles of range on a single charge, according to the automaker. Please also see 30 Most Popular Stocks Among Hedge Funds: 2020 Q3 Rankings. Coming in second is Harris Associates with more than US$237 Million. Advanced Technology Vehicles Manufacturing, U.S. Department of Energy Announces $2.5 Billion Loan to Ultium Cells for Three Domestic Battery Cell Manufacturing Facilities, LPO Offers Conditional Commitment for Loan to Build New EV Battery Cell Manufacturing Facilities in Ohio, Tennessee, Michigan, Lordstown, OH; Spring Hill, TN; Lansing, MI. Ultium Cells Lansing Celebrates Completion of Steel Installation, Holds Topping Out Ceremony, Ultium Cells Welcomes Treasury Secretary Janet Yellen To Spring Hill, Statement from Ultium Cells on Ohio Union Vote, Ultium Cells LLC Announces Plans to Produce More Battery Cells Faster, Ultium Cells Job Applicant Privacy Statement. For more information about LG Energy Solution, please visit https://www.lgensol.com. You're more than your latest funding, tell our customers your company's story. Here are five reasons the shares are taking off this week: As Wall Street bets on which electric vehicle start-up will become the next Tesla, GM has poured billions into EVs and plans to deliver 30 new models globally by 2025. Ultium energy options range from 50 to 200 kWh, which could enable a GM-estimated range up to 400 miles or more on a full charge with 0 to 60 mph acceleration as low as 3 seconds. Today 8:22 EST. This allows engineers to optimize battery energy storage and layout for each vehicle design. Production at Ultium's first U.S battery cell plant in Warren, Ohio is set to begin later this month. The new venture which . The new factory is a $2.3-billion plant being built in Ohio, near a factory that was. Keeping this in mind let's take a look at the best lithium and battery stocks to buy according to hedge funds: 5. As we step into the more modern-day in our everyday life, technological advancement is undeniable which is why the lithium batteries demand is expected to continuously increase to about 10 times between 2018 and 2030. As the production of smartphones constantly increases, the demand for lithium-ion batteries in return increases as well, this promises constant positive demand and revenue for the lithium-ion battery industry. Ultium Cells will build the new plant on land leased from GM. For the twelve months ending September, revenue was US$22.317B, a 6.8% decline year on year. Ultium is the name given to GM's new line of advanced lithium-ion batteries, which will power future EVs like the GMC Hummer EV and Cadillac Lyriq. 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 . Ultium Cellsis a joint venture between General Motors and LG Energy Solution that will mass-produce Ultium battery cells to advance the push for a zero-emissions, all-electric future. By continuing to use this site you are consenting to these choices. The most credible of these 3 positions belongs to Michael Gelband's ExodusPoint Capital. The value of Ultium Cells LLC, which is a joint venture between General Motors and South Korean chemical firm LG Chem, is estimated at $20 billion, according to Morgan Stanley. Electricity is the future of transportation, powered by battery cells that are designed and manufactured by some of the brightest, most innovative people in the world. The van, called EV600, will be the second product. The facility will be located in Spring Hill, Tennessee. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at http://www.gm.com. Recent news which mentions Ultium Cells. The automaker's market cap is $69.7 billion. The company also had US$184 million in undrawn credit. Find company research, competitor information, contact details & financial data for Ultium Cells LLC of Warren, OH. Home to the world's first EV battery lineup, we provide the best battery solutions for EVs worldwide. General Motors CEO on the company's electric vehicle future. CEO Mary Barra and other executives laid out an array of future business plans at the CES technology conference from electric vehicles to flying cars. The new battery cell plant will create 1,300 new jobs. The General. We generated $217M of operating cash flows in H1. During the pandemic, product development work on GM's future EV and AV portfolios continues to progress at a rapid pace. The main news from CES was a self-driving concept vehicle for Cadillac. Disclosure: No positions. For example, since March 2017, our monthly newsletter's portfolio of stock picks has beaten the market by more than 66 percentage points (, Lithium Americas Corporation is focused on developing the Thacker Pass project (. The company established its first research facility in the U.S. in the early 2000s. The Ultium platform that will be used in a broad range of EVs across its Cadillac, Buick, Chevrolet and GMC brands, as well as the Cruise Origin autonomous shuttle that was revealed in January. The Ultium Cells Spring Hill site joins other Ultium Cells battery cell manufacturing sites being constructed in Ohio and Michigan. 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 battery. The global revenues in 2025, for the lithium-ion market, is expected to exceed US$70 billion. "BrightDrop is a new business from GM that reimagines commercial delivery and logistics for an all-electric future," Barra said. The Thacker pass has the potential to be the leading source of lithium to output on a low-cost and larger scale. GM is investing billions in autonomous vehicles, but they largely took a back seat to EVs for the automaker at this year's CES. "Importantly, I truly believe this coming together transcends a partnership as it marks adefining moment that will reduce emissions and help to accelerate the adoption of EVs.". GM to engineer and supply its Ultium battery and HYDROTEC hydrogen fuel cell systems for Wabtec freight locomotives PITTSBURGH June 15, 2021 Wabtec Corporation (NYSE: WAB) and General Motors (NYSE: GM) today announced they will collaborate to develop and commercialize GM's Ultium battery technology and HYDROTEC hydrogen fuel cell systems for Wabtec locomotives. Michael Simcoe, vice president of GM global design, previews upcoming EVs from the automaker on Jan. 12, 2021 for the CES technology conference. "We are preparing for a world where advances in electric and autonomous technology make personal air travel possible," said Michael Simcoe, vice president of GM global design. Livent Corporation is known as a distributor and manufacturer of lithium chemicals, these lithium chemicals are used for applications in batteries, agrochemicals, aerospace alloys, and other industrial applications. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Shares were up about 0.6% in early trading, while the . EVgo and GM launched the first Ultium-ready fast chargers recently with a goal of 500 fast charging stalls live by the end of 2021. Electric Vehicle Charging on-site! 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. "Electricity is the future of transportation, powered by battery cells. Industry: Dry cell batteries, single or multiple cell. This acts as gasoline for the car to run for a certain period of time. The partnership between the two companies includes plans for 2,700 fast chargers by the year 2025. In a major move, workers at the General Motors (. We need technology-savvy people to fill roles across our organizationmanufacturing, administration, and more. Yupoong Adult Beanie Knit Cap. Ultium Cells' battery cell manufacturing mega-factory in Spring Hill, Tennessee, will be similar in size and create more than 1,300 new jobs. The smartphone penetration rate in these countries is reported to be lower than 80%. Printer Friendly View Address: 7400 Tod Ave SW Warren, OH, 44481 . Access your favorite topics in a personalized feed while you're on the go. We continue to flex manufacturing capacity to match demand, minimizing manufacturing inefficiency while benefiting from raw material cost reductions. The automaker also featured its Super Cruise hands-free driving system, reconfirming a plan to offer the technology on 22 vehicles by 2023. Valucap Adult Classic Dad's Cap. View original content:http://www.prnewswire.com/news-releases/gm-and-lg-energy-solution-investing-2-3-billion-in-2nd-ultium-cells-manufacturing-plant-in-us-301270646.html. Other start-up automakers such asAmazon-backedRivianas well as legacy automakers such asFord MotorandDaimlerhave announced plans to enter the segment. It is located in one of the premier regions in the world for lithium exploration. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Since it is profitable, hedge funds aren't cautious about betting this South American company. The Ultium GM Unveils Battery Twice as Big as Tesla's The building block for this plan is a large, pouch-type lithium-ion cell, roughly 23 by 4 by 0.4 inches. Ultium Cells Job Applicant Privacy Statement. "It's about time. GM previewed an electric air taxi concept, formally known as an electric vertical take-off and landing, or eVTOL, aircraft, for its Cadillac brand. The company reported a net sales of US$340.8 million, down by 0.6% compared to the previous year during the same quarter. With this growing demand, the lithium-ion battery industry is projected to hit 87.54 billion USD in 2027 at 13% CAGR. Once operational, the facility will supply battery cells to GM's Spring Hill assembly plant. The company established its first research facility in the U.S. in the early 2000s. Photo by Dan MacMedan for Chevrolet. Ultium is GM's next-generation battery system that will underpin its future EVs beginning later this year with the GMC Hummer EV pickup, followed by the BrightDrop van and a Cadillac crossover called the Lyriq. Submit Your Analyst Briefing Ultium Cells Investors 1 Investors The commercial market is expected to be a major growth area for EVs. Ultium is an electric vehicle battery and motor architecture developed by General Motors. Ironworkers and construction partners at the Ultium Cells battery cell manufacturing facility install the final beam as part of a traditional topping out ceremony Wednesday, June 8, 2022 in Spring Hill, Tennessee. We want to hear from you. 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. Although the recent pandemic impacted its revenue, the company remained optimistic with a strong cash flow as it exited the second quarter. For more information about Ultium Cells, please visit https://www.ultiumcell.com. It showed how it's integrating new businesses and why it refused to spin off its EV business last year amid pressure from Wall Street. In October we shared this real estate stock idea and it is already up more than 50%. GM used the event to flex its size and scale more than ever before. LORDSTOWN, Ohio -- Ultium Cells LLC is the name of the General Motors and LG Chem joint venture for cell manufacturing. It is the worlds largest producer of lithium. Starting today, job seekers can apply for positions on the Ultium Cells LLC website. Its natural resources and key production facilities are located at the Atacama Desert between Chiles I and II region. Battery cells represent a significant step away from fossil fuels and offer the potential to revolutionize passenger transportation in the form of electric and autonomous vehicles. Most will have 400-volt battery packs and up to 200 kW fast charging capability while GM's truck platform will have 800-volt battery packs and 350kW fast charging capability. 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. Ultium is the future of GM and WBMS will be standard in every one of its vehicles that use this battery technology. Ultium Cells has 1 investors. GM showed how it's integrating new businesses and why it refused to spin off its EV business last year amid pressure from Wall Street. Ultium Cells LLC, a joint venture of LG Energy Solution and General Motors, today announced a more than $2.3 billion investment to build its second battery cell manufacturing plant in the United States. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com. Top 11 Lithium and Battery Stocks to Buy Now is originally published at Insider Monkey. Each site will have an average of four chargers per site. " Ultium Cells LLC is the name of the General. Get the latest business insights from Dun & Bradstreet. December 12, 2022. We are looking for talented individuals with diverse skills, experiences, and a can-do spirit to grow with us in Warren, Ohio,Spring Hill, Tennessee, and Lansing, Michigan. (C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE, Nissan and Mexican workers agree to 9% raise at Morelos plant, union says, Volkswagen's Scout to build $2 bln plant in South Carolina, Honda CEO touts EVs, but combustion engines could last until 2040, Samsung SDI to build battery plant with GM -Yonhap, Big Oil to take centerstage at Houston meet as markets, alliances shift. Battery cells are an important step away from fossil fuels, but they also have the potential to revolutionize passenger vehicles as fundamentally as the internal combustion engine did all those years ago. In 2010, the company built its first U.S battery plant in Holland, Michigan. In 2019, GM announced the formation of Ultium Cells LLC. 2 Colors. The facility will be located in Spring Hill, Tennessee. It is planned to be deployed for battery electric vehicles from General Motors portfolio brands along with vehicles from Honda and Acura.. Ultium is characterized by a modular layout, using an Ultium battery to supply power to one or two Ultium Drive unit(s) using a common set of power electronics . With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 25,000 patents. . Health Care Benefits start day one! Hiring is already underway as the Ultium Cells Spring Hill team continues to onboard key launch team members for the business. LG Energy Solution will employ its decades-long experience in battery technology and manufacturing to produce quality products as we demonstrate our reputation as an industry leader delivering unparalleled consumer value.. 1Actual range will vary based on several factors, including temperature, terrain, battery age, vehicle model, loading, use and maintenance. Your browser does not support the video tag. Ultium Cells LLC, a joint venture of LG Energy Solution and General Motors, today announced a more than $2.3 billion investment to build its second battery cell manufacturing plant in the United States. The cells go into modules that then jointly power the. site you are consenting to these choices. Get the latest Altium Limited (ALU) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. "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.". The lithium-ion battery has become the most sought-after battery for electric vehicles because of its lighter weight, smaller size, and longer life capacity than the other batteries that are available in the market. This investment will allow us to provide our customer GM more battery cells faster and support GMs aggressive EV launch plan in the coming years, said Tom Gallagher, Ultium Cells LLC vice president of operations. They are also used in electric vehicles ranging from full-sized vehicles such as radio-controlled toy vehicles. Starting at $6.50. Both are built on GM's Ultium platform. Earlier this year, GM unveiled its new Ultium battery technology, intended to power 22 new electrified vehicles by 2023. On the other hand, there is also a steady increase in the demand for smartphones with unstoppable development in the phone industry. Via The Motley Fool. Work for a growing company in a growing industry with opportunities to learn and advance. Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. An early-stage company that develops solid-state battery technology. ". At the heart of this strategy is the Ultium battery platform, which powers everything from mass-market to high-performance vehicles. NOW WATCH: Here's how the million-mile battery could lead to Teslas lasting a lifetime, GM revealed earlier this year when the car company announced its battery technology, Visit Business Insider's homepage for more stories. Officially, the plants are known as Ultium Cells LLC - since they are a joint venture between GM and LG Energy Solution. GM has announced plans to produce some 250 million Ultium cells a year by 2025 and, once fully online, the Lordstown facility should produce at least 30 gigawatt-hours of batteries annually . "That equal and individual experience for each occupant will be a signature aspect of the Cadillac Celestiq," said Crystal Windham, Cadillac director of interior design. GMis collaborating with seven charging network companies with over 60,000 charging plugs available to its customers. The three new manufacturing facilities in Ohio, Michigan, and Tennessee are expected to create 6,000 construction jobs and 5,100 operations jobs. Driehaus Capital, SailingStone Capital, and billionaire, 5 best lithium and battery stocks to buy today, country with the largest lithium reserves, 30 Most Popular Stocks Among Hedge Funds: 2020 Q3 Rankings, Top 11 Lithium and Battery Stocks to Buy Now. Early conceptual rendering of Ultium Cells LLC battery cell manufacturing facility in Lansing, Michigan. Shares of General Motors opened Wednesday above $50 for the first time ever after CEO Mary Barra and other executives laid out an array of future business plans from electric vehicles to flying cars at the CES technology conference. Battery cells are an important step away from fossil fuels, but they also have the potential to revolutionize passenger vehicles as fundamentally as the internal combustion engine did all those years ago. In 2010, the company built its first U.S battery plant in Holland, Michigan. To learn more about LG Energy Solution's ideas and innovations, visithttps://news.lgensol.com. The new expansion will help fuel GM 's aggressive EV strategy as it. Ultium, a joint venture between GM and Korea-based LG Energy Solution, is building a $2.3 billion factory near the automaker's former Lordstown assembly complex. Sociedad Quimica Y Minera de Chile is a supplier of plant nutrients, lithium, iodine, and industrial chemicals. These are the most popular lithium and battery stocks among the 800+ hedge funds tracked by Insider Monkey: Piedmont Lithium Limited is an emerging lithium chemical company focused on the development of its Project in North Carolina. GM's future Ultium-powered EVs are designed for Level 2 and DC fast charging. The flying vehicle is designed to operate autonomously without a pilot. For example, since March 2017, our monthly newsletter's portfolio of stock picks has beaten the market by more than 66 percentage points (see the details here). Energy options range from 50 to 200 kilowatt hours, which could enable a GM-estimated range up to 450miles or more on a full charge with 0-60 mph acceleration in 3 seconds1. In addition, during their US public offering, they raised a total of $US57.5 million which they will be using to strengthen their goal of becoming America's first new producer of lithium hydroxide in decades. The companys goal is to have electric vehicles at all price points for work, adventure, performance and family use. By clicking Sign up, you agree to receive marketing emails from Insider To help its goal of launching 30 electric vehicles globally by the end of 2025, General Motors Company (NYSE:GM) launched a new charging infrastructure plan Wednesday. The plant will be extremely flexible and able to adapt to ongoing advances in technology and materials. 2023 Canjex Publishing Ltd. All rights reserved. But we understand that it's what's on the inside that counts, with our batteries and our people. A 2022 Chevrolet Bolt EUV is charged at an EVgo fast charging station. The two. General Motors (ticker: GM) stock jumped, a little, in response to the news. Like electric cars, even brake pad replacements are rare because regenerative braking returns energy to the battery, significantly reducing wear on brakes. D&B Business Directory HOME / BUSINESS . Did you know we are landfill free? 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 GM's proprietary Ultium battery technology is at the heart of the company's strategy to compete for nearly every EV customer in the marketplace, whether they are looking for affordable transportation, luxury vehicles, work trucks, commercial trucks or high-performance machines. In other words, Tesla cars use lithium batteries in order to power up their supercars which is why unlike other cars that require gasoline, Tesla requires no traditional fuel filters, spark plug replacements, or even emission checks. The first product from BrightDrop will be a propulsion-assisted electric pallet called the EP1 that's scheduled to go on sale by March. Work for a company making a difference. In this article we present the list of the, Lithium batteries are primary batteries that have metallic lithium as an anode that is primarily mined in China, South America, and Australia while Chile is the. The increase in the demand is a result mostly of the projected electric vehicle boom of the world, experts are now projecting electric cars going from 2% market share in the year 2018 to around 25-35% by the year 2030. Some of the major manufacturers of lithium batteries include CATL, LGChem, BYD, and Samsung. GM said it is already working on its next-generation battery chemistry that's expected to reduce reliance on cobalt and nickel two costly elements in current EVs. Galaxy Resources (OTCMKTS: GALXF) American Battery Metals (OTCMKTS: ABML) Pilbara (OTCMKTS: PILBF) However, reducing our dependence on oil and ramping up an EV infrastructure would allow more . Latest News about Ultium Cells. ChargePoint Holdings shares were up 5% to $26.33. Sign up for free newsletters and get more CNBC delivered to your inbox. With shares up 25% so far this year, the average analyst price target of $63.67 suggests additional 23% upside potential lies ahead over the coming year. Related News: As Barra put it, the mission of the Tuesday keynote was to promote "confidence" in the automaker's strategy. The greatest wealth in health. With shares up 25% so far this year, the average analyst price target of $63.67 suggests additional 23% upside potential lies ahead over the coming year. The companies made the announcement on Tuesday and said that the new, 50-50 joint venture would be called "Ultium Cells LLC." Starting at $6.50. GM Quick Quote. Learn more. The Ultium Cells facility in Warren, Ohio began battery cell production in August and continues to accelerate production volume. LG Energy Solution's Advanced Automotive Battery leads the market with its outstanding technologies and products.