Company: Ultium Cells LLC Parent Company: Subsidy Source: multiple Location: Tennessee City: Spring Hill Project Description: The construction of a $2.3 billion battery cell manufacturing plant which will create 1,300 new manufacturing jobs. The new 2.8-million-square-foot facility will supply battery cells to General Motor's Spring Hill electric vehicle assembly plant. Year: 2021 Subsidy Value: $60,000,000 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Number of Jobs or Training Slots: 1,300 Wage Data: $22 Wage Data Type: average hourly wage Capital Investment: $2,367,000,000 Source of Data: Source for subsidy values: (click here) Expansion details reported in "Exclusive details on General Motors' $2.37B Ultium Cells electric vehicle battery plant announced for Spring Hill" by Adam Sichko for the Nashville Business Journal on April 19, 2021. Notes: In April 2021, Ultium Cells LLC, a joint venture between General Motors and LG Energy Solution, announced that it would invest $2.3 billion in a new electric battery manufacturing plant. The State of Tennessee's Department of of Economic and Community Development granted Ultium Cells LLC a $60 million Fast Track Economic Development grant. Additionally, Maury County approved a 30-year, 60% property tax abatement, the monetary value of the abatement is undisclosed. Overlaps with main data: None. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.