U.S. Department of Energy will provide financing to a joint venture between General Motors and South Korea's LG Energy Solution as part of the state's ATVM program. Ultium Cells will receive $2.5 billion to build plants in Ohio, Tennessee and Michigan. The total cost of the three plants will be about $7 billion. The first plant, in Ohio, is expected to begin production by late summer. The Tennessee plant is expected to begin production next year and the Michigan plant in 2024.