General Motors' Epic $19 Billion Deal with LG Chem: Boosting EV Battery Supply Chain

GM and LG Chem Seal the Deal

Giggity giggity goo! General Motors has just announced a jaw dropping $19 billion deal with LG Chem to secure critical materials for their electric vehicle batteries. Looks like they're ramping up their EV game and leaving no room for doubt. Hot dog!

Powering Up Millions of EVs

LG Chem is set to supply GM with over 500,000 tons of cathode materials including nickel cobalt manganese and aluminum from 2026 through 2035. That's enough juice to power five million units of EVs with a range of more than 300 miles. Talk about electrifying!

From Tennessee to North America

The cathode materials will come from LG's upcoming plant in Tennessee and will be used in GM's joint venture battery cell plants across North America. They've got a real electric dream team going on here folks. It's like a Quagmire party giggity giggity goo!

Commitment to EVs Baby!

While EV adoption has been slower than expected GM is showing they're in it for the long haul. Jeff Morrison GM VP of global purchasing and supply chain said the deal builds on their commitment to create a strong and sustainable battery EV supply chain. They're going full throttle on the EV revolution!

GM Adjusts Their Plans

Looks like GM had to make some adjustments to their plans due to the slower than expected EV adoption. But hey it happens to the best of us. The longer contract with LG Chem shows that GM is adapting and going with the flow. They're like a rubber duck in a tidal wave giggity giggity goo!

GM and LG Chem: A High Voltage Partnership

This deal between GM and LG Chem is a real game changer. It's one of the largest if not the largest EV supply deals that GM has ever signed. Clearly they believe in the power of collaboration just like my buddy Brian and me. We make an unstoppable team giggity giggity goo!