Joint venture
Appears in 1 story · Last updated Oct 24, 2026
Investing $1B to retool Spring Hill, TN for LMR cells
Two $1 billion plant bets landed within days of each other in late September 2026. Caterpillar will build a compact equipment factory in Sanford, North Carolina, and Ultium Cells will retool its Spring Hill, Tennessee battery plant.
Updated Oct 24
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