GM, LG end plans for fourth U.S. battery cell plant as automaker seeks new partner
Publishing timestamp: 2023-01-20 15:54:28
Summary
General Motors and LG Energy Solution have indefinitely shelved plans to build a fourth battery cell plant in the US. GM is searching for another partner and is still planning to build the plant. GM and LG initially announced a joint-venture for a $2.3 billion plant in Ohio in December 2019. GM is on track to hit 1 million EV production capacity annually in North America in 2025.
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Keywords: business news, transportation, general motors co, united states, detroit, electric vehicles, breaking news: business, business, mary barra, autos,