GM and LG Chem enter joint venture to build a $2.3b EV battery factory

The new factory, which is expected to be among the largest in the world, aims at GM’s next generation of electric vehicles.

The No.1 US automaker, General Motors and South Korea's LG Chem will invest up to $2.3 billion by 2023 to form a joint venture for the production of batteries for electric vehicles.

The two companies plan to build a factory for the manufacturing of battery cells in the Lordstown-area of northeast Ohio.

You are reading a subscriber-only article and we’re glad you are enjoying it. To continue reading, you need a subscription (24.99/year) account.

Our PRO account gives you in-depth access to the solar industry, giving you an edge to develop business like a "pro". If you already have an account, please sign in. If you would like to signup, please do so below.

Want to learn more? View Subscriber Benefits

More Stories on this Topic

More Stories From Around the Web: