GM Quick Quote. Lithium Americas Corporation is focused on developing the Thacker Pass project (Which is set to be the largest lithium deposit in the US, with an expected mine life of 46 years). Below we present to you the top 11 lithium and battery stocks to buy now based on our hedge fund sentiment data. The new battery cell plant will create 1,300 new jobs. 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.. The most credible of these 3 positions belongs to Michael Gelband's ExodusPoint Capital. The new expansion will help fuel GM 's aggressive EV strategy as it. Printer Friendly View Address: 7400 Tod Ave SW Warren, OH, 44481 . Based on our 30 years of R&D experience, we deliver the most advanced batteries that have been infused with cutting-edge technologies to EVs, Energy Storage Systems (ESS) and Mobility & IT applications across the world. The Ultium cells produce 60% more energy capacity than GM's current battery cells, allowing for greater range with fewer cells, which also lowers cost. General Motors (NYSE:GM) is a global company committed to delivering safer, better and more sustainable ways for people to get around. 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. 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. The company also reported earnings per share at $0.01 for the third quarter. Albemarle Corp (NYSE: ALB) Albemarle Corp is a North Carolina based fine . It is the worlds largest producer of lithium. We embrace this potential by manufacturing our battery cells in cutting-edge facilities where quality and safety are the top priorities. The first product from GM's BrightDrop will be the EP1, will be a propulsion-assisted, electric pallet developed to easily move goods over short distances for example, from the delivery vehicle to the customer's front door. The General. 1 High-Flying Growth Stock With 19% Upside, According to Wall Street. The new platform will integrate charging networks, on-vehicle mobile apps and other products. The global revenues in 2025, for the lithium-ion market, is expected to exceed US$70 billion. The Ultium battery cell is a flat, rectangular pouch that was designed by GM and is being produced through a joint venture with LG Chem. Additional career opportunities can be found on the Ultium Cells website. 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. It was developed to easily move goods over short distances for example, from the delivery vehicle to the customer's front door. Both are built on GM's Ultium platform. Ultium Cells, a joint venture between General Motors and LG Energy Solution, will manage battery cell production at the three facilities, as a critical move to address the growing consumer demand for electric vehicles (EVs) on American roadways. U.S. Department of Energy LP 101000 Independence Avenue, SWWashington D.C. 20585, New Factories in Ohio, Tennessee, and Michigan Will Create More than 11,000 Good-Paying Jobs and Reduce the Nations Reliance on Other Countries to Meet Increased Demand for Electric Vehicle Technologies, Today the Department of Energys Loan Programs Office (LPO) announced a conditional commitment to Ultium Cells LLC for a $2.5 billion loan to help finance the construction of new lithium-ion (Li-ion) battery cell manufacturing facilities in OH, TN, MI. 86% of retail CFD accounts lose money, Blink Charging Shifting Revenue With Multiple Business Model And Channel Checks Keeps Analyst At Sidelines, Blink Charging Co (BLNK) Gets a Buy from Roth MKM, US Postal Service Looks Electric: Here's The Latest Winners In New Round Of Truck Contracts, EV charging earnings: Wallbox stock slides while Blink lights up, Tesla Supercharger Stations Now Open For Rivals In The United States: Here's How It Works And Why It's Important, Here's How Much You Would Have Made Owning Blink Charging Stock In The Last 5 Years, 3D Systems, CarGurus, Sarepta Therapeutics And Other Big Stocks Moving Higher On Wednesday, Registration on or use of this site constitutes acceptance of our. Tickers AAPL ABT DXCM. LORDSTOWN, Ohio -- Ultium Cells LLC is the name of the General Motors and LG Chem joint venture for cell manufacturing. 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. 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. The company reported during their September 2020 quarterly report a signed binding agreement with Tesla, Inc. for the supply of Spodumene concentrate from Piedmont's North Carolina deposit to Tesla. The lithium carbonate from Thacker Pass is expected to be used in GM's Ultium battery cells. Stay up to date with what you want to know. Shares of General Motors Company (NYSE: GM) have rallied on speculation of the company spinning off its electric vehicle business.. Ultium Cells, a joint venture between General Motors and LG Energy Solution, will mass-produce Ultium battery cells to advance the push for a zero-emissions, all-electric future. The Ultium Cells Spring Hill site joins other Ultium Cells battery cell manufacturing sites being constructed in Ohio and Michigan. 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. As Barra put it, the mission of the Tuesday keynote was to promote "confidence" in the automaker's strategy. The first 500 vans will go to FedEx beginning later this year. Ultium Cells LLC. They allow the company to use the Ultium platform, including the cells, for everything from large pickup trucks or vans to smaller cars and crossovers. 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. our sites and services. Data is a real-time snapshot *Data is delayed at least 15 minutes. You can read more about your. A sedan called the Cadillac Celestiq is expected to be a new flagship vehicle for the automaker, featuring a personalized zone for each passenger. Learn more. The commercial market is expected to be a major growth area for EVs. ", "This partnership with General Motors will transform Tennessee into another key location for electric vehicle and battery production. CBI websites generally use certain cookies to enable better interactions with our sites and services. Our leadership prioritizes health and safety, encourages employee engagement, welcomes diversity, and promotes an atmosphere of inclusiveness. Automakers aiming to compete in the growing electric-car market want to secure a steady supply of batteries. But we understand that it's what's on the inside that counts, with our batteries and our people. It plans to employ more than 1,100 workers once the plant is operating. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. General Motors : Ultium Platform could be a game-changer for the firm. Ultium Cells LLC is a joint venture with LG Chem that will mass-produce Ultium battery cells for electric vehicles and create more than 1,100 new jobs in Northeast Ohio. It is located in one of the premier regions in the world for lithium exploration. Ultium Cells, a joint venture between General Motors and LG Energy Solution, will manage battery cell production at the three facilities, as a critical move to address the growing consumer demand for electric vehicles (EVs) on American roadways. Our Mission: Transform the way we power vehicles to support our customer GM's installed North American electric vehicle assembly capacity, while supporting GM plans to supply other automotive companies and other industries including rail, aerospace, heavy trucking and marine customers. Did you know we are landfill free? General Motors CEO on the company's electric vehicle future. GM has a full portfolio of electric products, not just vehicles, planned for the new unit, according to executives. At the heart of this strategy is the Ultium battery platform, which powers everything from mass-market to high-performance vehicles. 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. According to the analyst, the Ultium Cells LLC joint venture will be a game-changer for GM and he expects it to result in value creation for shareholders. U.S. Department of Energy invested in Ultium Cells's Loan funding round. ". The partners are Blink Charging (NASDAQ:BLNK), ChargePoint Holdings (NYSE:CHPT), EV Connect, FLO, Greenlots, SemaConnect and EVgo, which is going public through a SPAC merger with Climate Change Crisis Real Impact I Acquisition Corp (NYSE:CLII). Ultium Cells LLC, a joint venture between General Motors and LG Energy Solution, has announced that it will mass-produce Ultium battery cells to advance the push for a zero-emissions, all-electric future. Get the latest ride including electric vehicles with Ultium Cells at a discount on General Motors Vehicles. By continuing to use this site you are consenting to these choices. Hiring is already underway as the Ultium Cells Spring Hill team continues to onboard key launch team members for the business. 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 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. Its natural resources and key production facilities are located at the Atacama Desert between Chiles I and II region. 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. With the additional investment, the capacity expansion is expected to create 400 additional new jobs, bringing the expected plant total to 1,700 new high-tech jobs when the facility is fully operational. Analyst Briefing Submitters are 7x more likely to receive a qualified connection. Lithium Americas Corporation ended the 3Q with cash and cash equivalents of roughly US$72 million, including an US$18 million drawn from its credit facilities to fund its Cauchari-Olaroz lithium brine project that is found in Argentina. Here is what EnerSys' CEO said in their press conference: "We exited our 2nd quarter with a renewed sense of optimism as our incoming order rate approached pre-pandemic levels. For more information about Ultium Cells, please visit https://www.ultiumcell.com. "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. Additional $275 million investment and 400 more jobs for Spring Hill, Tennessee battery cell plant will increase battery cell production by more than 40 percent to 50 gigawatt-hours, Production at the 2.8 million-square-foot facility will begin in late 2023. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. 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. Altium Limited (ALU.AX) Stock Price, News, Quote & History - Yahoo Finance Watchlists My Portfolio Yahoo Finance Plus Personal Finance Industries U.S. markets close in 2 hours 57 minutes S&P. This new investment is in addition to the $2.3 billion investment announced in April 2021. The automaker's market cap is $69.7 billion. 2 Colors. The company also had US$184 million in undrawn credit. What Happened:GMannounced the launch of Ultium Charge 360. The companies made the announcement on Tuesday and said that the new, 50-50 joint venture would be called "Ultium Cells LLC." They recently announced a grant by the United States Department of Energy under the American Recovery and Reinvestment Act (ARRA) to build domestic manufacturing capacity for advanced batteries for hybrid and electric vehicles. Although the lithium and battery industry has weakened during the Covid-19 pandemic brought about by the lower demand in electronic vehicles and consumer decisions of purchasing portable consumer devices, according to a GlobalData survey, the global lithium demand is expected to bounce back from the trauma of the pandemic at an estimated 47,300 tonnes in 2020 to 117,400 tonnes in the year 2024. Please also see 30 Most Popular Stocks Among Hedge Funds: 2020 Q3 Rankings. Ultium Cells will invest $275 million in its Spring Hill, Tennessee, battery plant to expand EV battery cell output by 40%. Ultium Cells has 1 investors. Jonas has an $80 price target on GM,. On the other hand, there is also a steady increase in the demand for smartphones with unstoppable development in the phone industry. GM's future Ultium-powered EVs are designed for Level 2 and DC fast charging. Ultium Cells' battery cell manufacturing mega-factory in Warren, Ohio will equal the size of 30 football fields and create more than 1,200 new jobs. 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. The smartphone market has a high potential growth rate mainly in the most populated countries in the world like India and China. 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 United Auto Workers originally filed a petition for a . LG Energy Solution's Advanced Automotive Battery leads the market with its outstanding technologies and products. Morgan Stanley's favorite stocks to play the $6 trillion A.I. Ultium is an electric vehicle battery and motor architecture developed by General Motors. For the fiscal fourth quarter that ended December 31, 2022, GM's revenue increased 28.4% year-over-year to $43.11 billion. Sign up for free newsletters and get more CNBC delivered to your inbox. GM used the event to flex its size and scale more than ever before. " Ultium Cells LLC is the name of the General. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Holden, Baojun and Wuling brands. Tags Storage Ultium Cells News. QuantumScape ( NYSE:QS ) $4.4 billion. Diamond Hill Capital talked about JCI in its 2020 Q1 investor letter. The new factory is a $2.3-billion plant being built in Ohio, near a factory that was. "As a passenger, it represents personal space and a panoramic view of the world passing beneath you and is a glimpse of what autonomy and Cadillac luxury might look like in the not-too-distant future.". 5,970 followers. Ultium Platform driving GM's commitment to an all-electric future; LANSING, Mich. - Ultium Cells, a joint venture of LG Energy Solution and General Motors, today announced a $2.6 billion investment to build its third battery cell manufacturing plant in the United States. The three new manufacturing facilities in Ohio, Michigan, and Tennessee are expected to create 6,000 construction jobs and 5,100 operations jobs. With this growing demand, the lithium-ion battery industry is projected to hit 87.54 billion USD in 2027 at 13% CAGR. By clicking Sign up, you agree to receive marketing emails from Insider Starting at $6.50. In order to produce our list of the top lithium and battery stocks, we first identified all lithium and battery stocks that are traded in a major U.S. exchange. 2 Colors. That number will have to increase perhaps as much as tenfold to meet Teslas goal alone, and this doesnt even take into account other vehicle makers and lithium battery requirements. "BrightDrop is a new business from GM that reimagines commercial delivery and logistics for an all-electric future," Barra said. The companys revenue for trailing twelve months was $1.8 billion. Here is what they said: Diversified technology and industrial company Johnson Controls International company Johnson Controls Internaional PLC underperformed after reporting disappointing quarterly results. Click to continue reading and see the 5 best lithium and battery stocks to buy today. Like electric cars, even brake pad replacements are rare because regenerative braking returns energy to the battery, significantly reducing wear on brakes. Top 11 Lithium and Battery Stocks to Buy Now is originally published at Insider Monkey. Ultium Cells was founded as part of GM's long-term strategy to produce a complete range of zero-emissions, all-electric cars and trucks by 2035. Tickers CLF ITA PXD RIVN. 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. Ultium Cells Lansing Delta Township facility in Michigan is under construction and will start production in late 2024. 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 smartphone market has a high potential growth rate mainly in the, In order to produce our list of the top lithium and battery stocks, we first identified all lithium and battery stocks that are traded in a major U.S. exchange. Health Care Benefits start day one! Some of the major manufacturers of lithium batteries include CATL, LGChem, BYD, and Samsung. GM and LG Energy Solution Investing $2.3 Billion in 2nd Ultium Cells Manufacturing Plant in U.S. PR Newswire NASHVILLE, Tenn., April 16, 2021 NASHVILLE, Tenn., April 16, 2021 /PRNewswire/ -- 2.8 mi. With a 30-year history in the battery business, LG Energy Solution has made consistent, large-scale investments to accumulate enough stability, credibility and manufacturing experience to invent its own cutting-edge technologies. Through Ultium Cells, LG Energy Solution and GM will merge their advanced technologies and capabilities to help accelerate automotive electrification. For the twelve months ending September, revenue was US$22.317B, a 6.8% decline year on year. Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS, supply its Hydrotec fuel cell power cubes, HUMMER EV SUV and the Chevrolet Silverado electric pickup truck, 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, GM's zero-emissions technology will extend to fuel cells as the company announced it will. 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. Ultium Cells team is comprised of some of the finest minds in the automotive and electronics industries, but we are looking for more of those rare individuals. Ditch the brown bag and enjoy lunch in the charging station. 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. 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. Related News: CBI websites generally use certain cookies to enable better interactions with. GM unveiled a new electric delivery van as part of a new EV commercial vehicle and logistics business called BrightDrop. Today, the Ultium Cells battery cell manufacturing plant in Spring Hill, Tennessee, celebrated a major milestone as construction on the 2.8 million-square . Like electric cars, even brake pad replacements are rare because regenerative braking returns energy to the battery, significantly reducing wear on brakes. Photo by Dan MacMedan for Chevrolet. 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 . 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. The fund's top hedge fund holder was Robert Karr's Joho Capital which had more than $26 million invested in the stock at the end of September. General Motors(NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. Related Link: Charging Infrastructure SPAC Plays: Is EVGo The Best of The Bunch. 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. How do we do this? From Green Power RSS Feed. The facility will be located in Spring Hill, Tennessee. 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. These batteries are used in the most powerful battery-operated vehicles today like the Tesla, which has a powerful battery that is charged by only electricity. Dive deeper with interactive charts and top stories of ALTIUM LIMITED. The facility will supply battery cells to GMs Spring Hill assembly plant for production of the Cadillac LYRIQ and other GM Ultium Platform-based EVs. 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. To learn more about LG Energy Solution's ideas and innovations, visithttps://news.lgensol.com. When it launches, this should be the first nearly wireless battery management. 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. Starting today, job seekers can apply for positions on the Ultium Cells LLC website. 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. LORDSTOWN, Ohio -- Ultium Cells LLC is the name of the General Motors and LG Chem joint venture for cell manufacturing. Work for a company making a difference. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. 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. 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 country with the largest lithium reserves worldwide. 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. These batteries are used in the most powerful battery-operated vehicles today like the. 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. In this article we present the list of the top 11 lithium and battery stocks to buy now. Employees can receive career related educational support annually. "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.". Tesla, which has a powerful battery that is charged by only electricity. Ultium Cells will build the new plant on land leased from GM. 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. Port Authority Flexfit Delta Cap. 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 . That includes a new glass roof made of smart glass that allows each occupant to set their own transparency levels. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Industry: Dry cell batteries, single or multiple cell. The company declined to comment further on the upcoming models. A Japanese conglomerate and battery supplier to Tesla. Latest News about Ultium Cells. General Motors, its subsidiaries and its joint venture entities sell vehicles under theChevrolet,Buick,GMC,Cadillac,Baojun andWulingbrands. Source: Illus_man/Shutterstock Over the past few years, wagering on battery stocks has been a lucrative endeavor for stock . 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. 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 country with the largest lithium. COVID-19 adversely impacted our revenue in Q2, but lower costs including commodities led to another quarter of strong cash flow. Valucap Adult Classic Dad's Cap. To create the specific rankings that will help you choose what to buy for the best lithium and battery stocks, we used hedge fund sentiment to measure the potential upside of these investment ideas and to predict the movement in the market. It can hold one passenger and travel roughly 56 mph between rooftops and other urban destinations, according to the company. A joint venture between General Motors ( NYSE: GM) and South Korean tech firm LG Energy, Ultium Cells, is facing a union vote this week. 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 facilitys battery cell output by more than 40 percent, from 35 gigawatt-hours to 50 GWh, when the plant is fully operational. The greatest wealth in health. The company has just been recently awarded the 2020 Gold Status for sustainability performance by the Global CSR rating agency, EcoVadis. Got a confidential news tip? Since it is profitable, hedge funds aren't cautious about betting this South American company. General Motors and LG Chem are doing preparatory construction on a new, $2.3 billion factory in Ohio. Michael Simcoe, vice president of GM global design, previews upcoming EVs from the automaker on Jan. 12, 2021 for the CES technology conference. 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. For more information about LG Energy Solution, please visit https://www.lgensol.com. 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. The van, called EV600, will be the second product. 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. Ultium Cells Job Applicant Privacy Statement. 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.