Collaboration Partners:

LG Energy Solution  |  General Motors

Ultium Cells Takes Shape

December 29, 2020

It was Jan. 14 the automaker revealed it had a signed purchase agreement for 158 acres of land on Tod Avenue for the $2.3 billion facility that when at full steam will employ upward of 1,100 workers.

And 2021 promises to be a big year for Ultium Cells LLC as employees start to come aboard and make practice builds ahead of the scheduled early 2022 start of production target.

GM didn’t hesitate to start work at the site adjacent to its former automaking plant after finalizing the $5.1 million land purchase in March. The next month, after securing the needed environmental permits, site work had begun with the facility marking a milestone in July with the first of the steel beams placed into the ground.

In September, the state awarded Ultium Cells a 1.95 percent, 15-year job creation tax credit on $45 million in new payroll taxes. The deal is a savings of about $13.8 million for Ultium Cells assuming it fulfills the terms of the agreement, part of which requires the company to maintain operations in Lordstown for at least 18 years.

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