WASHINGTON (Reuters) -General Motors Co and LG Energy Solution Ltd said Friday they are investing another $275 million in their Tennessee joint venture battery cell plant to increase production by more than 40%. The new investment in the Ultium Cells Spring Hill plant will boost battery output from an annual capacity of 35 gigawatt-hours to 50 GWh, when the plant is operational in late 2023. It is one of at least four U.S. joint venture battery plants planned to supply GM electric vehicles as the largest U.S. automaker ramps up production.
Black Friday 2022 is nearly here. The annual mega-sale will run from Friday November 25 to 'Cyber Monday' November 28. The best Black Friday TV deals will come from the retailers with the largest stocks including Amazon, John Lewis, Very and AO and could see huge savings – last year we found a 65-inch LG with £600 off.
Indonesia aims to boost total investment this year by a third, bolstered by an influx of investment into its resource-processing sector, a cabinet minister said on Thursday, after reporting foreign direct investment (FDI) rose 10% in 2021. Southeast Asia's largest economy wants to attract 1,200 trillion rupiah ($83.43 billion) in investment this year, from both domestic and foreign sources, up from 2021's 901.02 trillion rupiah, Investment Minister Bahlil Lahadalia told an online news conference.