Key Takeaways GM and LGES will upgrade Spring Hill to produce lithium-iron phosphate EV battery cells. LFP cells cost less than nickel-based ones and offer safety, longevity, and growing range parity. The LFP upgrade supports GM's EV expansion alongside new Bolt and Silverado EVs using this tech.General Motors Company (GM) and LG Energy Solution’s (LGES) joint venture, Ultium Cells, is upgrading its Spring Hill, TN, plant to manufacture more affordable electric vehicle (EV) battery cells. These new batter ...

Key Takeaways Ford's Q2 sales jumped 14.2% on strong truck and hybrid demand, while GM's rose 7.3% across all brands. GM's EV sales surged 111% with Chevy Equinox EV leading, while Ford's EV sales dropped 31% in Q2. Ford expects a $1.5B net tariff hit vs. GM's $4-$5B; F shares are up 20% YTD, outperforming GM's flat return.As the second-quarter 2025 earnings season approaches for the auto sector, investors are closely watching U.S. auto giants Ford (F) and General Motors (GM) to determine which stock is b ...

GM said Monday it is working with joint venture partner LG Energy Solution to upgrade its Ultium battery factory to make lithium-iron-phosphate cells for the automaker’s low-cost EVs.The factory’s overhaul will give LFP production in the United States a significant boost. Despite being invented and commercialized in the U.S., today the vast majority of LFP cells are currently made in China. The $2.3 billion Spring Hill, Tennessee, battery plant is part of the Ultium Cells LLC joint venture between the auto ...

Production Expansion - GM will invest $4 billion to augment current plants to boost US production [1] - This investment will enable GM to assemble over 2 million vehicles annually [1] - The expansion is expected to create 3,000 to 4,000 union jobs [1] - Production of gas-powered Chevy Blazer and Chevy Equinox will increase in the US [1] - Production of some gas-powered full-size SUVs and light duty pickups like the Silverado will move to Michigan [2] Trade and Tariff Impact - The production shift is a response to 25% sector tariffs on autos and USMCA imports [3] - These moves are viewed as a long-term mitigation effort [3] - GM anticipates $4 billion to $5 billion in tariff costs [3]

General Motors (GM -4.07%) just sounded a warning for the entire stock market.The auto manufacturing giant released its first-quarter earnings on Tuesday morning, but said that it would delay its earnings call until Thursday, apparently waiting for some clarity on tariffs. More importantly, it said that its guidance was no longer applicable due to tariffs and that it was suspending share buybacks.GM's stock fell modestly on Tuesday, trading down between 1% and 2% for most of the session, even though its fir ...