electric vehicle (EV) battery plant, parent firm LG Chem said on Tuesday. LGES and GM are expected to fund the project equally via Ultium Cells, their U.S.-based battery joint venture, for what will be their third joint battery plant in the United States, LG Chem's ...
LG Chem is one of the world's leading battery manufacturers and, Reuters reports, supplies batteries to Ford, Hyundai, Tesla, Volkswagen, and Volvo. The joint venture will allow the companies to produce batteries more cheaply and collaborate on technology going into them. GM said the plant ...
Through their Ultium Cells LLC joint venture, GM and LG are currentlyspending $2.3 billionfor a new battery cell plant in Ohio. The facility is expected to be completed in 2022, allowing the automaker to lower costs and bring vehicles to market more quickly. The plant is considered a linchpi...
LG Energy Solution (LGES) and GeneralMotor’s(GM) joint venture have decided to slow the construction of their battery plant in Michigan. In 2022, the two companies formed a joint venture and announced their$7 billion electric vehicle (EV) investmentin Michigan. The $7 billion factory would ...
GM to sell stake in Lansing battery cell plant to partner LG Energy Solution.General Motors also has reached a non-binding agreement to sell its stake in the nearly completed Ultium Cells LLC battery cell plant in Lansing, Michigan to its joint venture partner LG Energy Solution. The transac...
(RTTNews) - General Motors (GM) said that it has reached a non-binding agreement to sell its stake in the nearly completed Ultium Cells LLC battery cell plant in Lansing, Michigan to its joint venture partner LG Energy Solution. The transaction is expected to close in the 2025 first quarte...
General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner LG Energy Solution.
Workers at an electric vehicle battery plant ratified a deal between the United Auto Workers union and Ultium Cells to make batteries for General Motors’ electric vehicles. On Sunday, Ultium — a joint venture between GM and LG — announced that 1,600...
GM sells stake in EV battery plant to partner LG Energy Solutions Andrew J. HawkinsDec 3, 2024 6 GM GM eliminated Apple CarPlay and Android Auto from its EVs — this upgrade adds them back Andrew J. HawkinsNov 28, 2024 46 Autonomous Cars ...
Straube said Vianode's plant will be either in the United States or Canada, close to GM and LG's battery production, but added he could not disclose a location as negotiations with partners and governments are ongoing. In its first planned phase, the plant should pr...