REBusinessOnline

GM, LG Chem to Invest $2.3B for Electric Vehicle Battery Production, Build Assembly Plant in Northeast Ohio

The joint venture between GM and LG Chem will create a battery cell assembly plant in Lordstown that will create more than 1,100 new jobs in support of GM’s battery-electric vehicle portfolio. Pictured is the electric Cadillac.

LORDSTOWN, OHIO — General Motors and LG Chem have teamed up to invest up to $2.3 billion through a new, equally owned joint venture company. The partnership plans to establish a battery cell assembly plant for electric vehicles on a greenfield manufacturing site in northeast Ohio’s Lordstown. The plant is expected to create more than 1,100 new jobs. Groundbreaking is slated for mid-2020. Coinciding with the news is GM’s sale of its manufacturing complex in Lordstown to Lordstown Motors Corp. for the production of battery-electric trucks. This investment builds on GM’s previously announced $28 million investment in its Warren, Mich. battery lab.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.



Related News

Conferences