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GM To Sell Stake In Michigan Battery Plant To JV Partner For Nearly $1B
LG Energy Solution and GM to Jointly Develop Prismatic Battery Cell Technology
Express News | LG New Energy and General Motors will jointly develop new battery technology.
LG new energy fund is considering acquiring shares in the joint venture usa battery factory with General Motors.
South Korea's leading battery producer, LG Energy Solution Ltd., announced on Tuesday that it is considering acquiring General Motors' stake in its joint battery plant in Michigan. LG Energy stated in a release: "The company is considering acquiring Ultium Cells LLC's joint venture No. 3 plant in Lansing, Michigan, to efficiently operate its plants in the USA and maximize the utilization of the Michigan plant." This joint venture with General Motors is under construction in Michigan, aiming to commence operation next year. General Motors also announced.
GM And LG Energy Solution Extend Battery Technology Partnership