GM and LG Chem to create $2.3bn EV-battery venture in US
The electric vehicle battery-cell plant will be one of the world’s biggest, as GM looks to introduce 20 new EVs globally by 2023
05 December 2019 - 18:57
Warren — General Motors (GM) and South Korea’s LG Chem said on Thursday that they will invest $2.3bn to set up an electric vehicle (EV) battery-cell joint venture plant in Ohio, creating one of the world’s largest battery facilities.
The plant, to be built at a new site near GM’s closed assembly plant in Lordstown in northeast Ohio, will employ more than 1,100 people, the companies said. Construction is to begin in mid-2020 and the plant will have an annual capacity of more than 30GWh with the flexibility to expand...
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