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

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.

Derick Lila

published on December 5, 2019 Go To Comments

Mary Teresa Barra is the chair and CEO of General Motors Company. She has held the CEO position since January 15, 2014, and she is the first female CEO of a major global automaker.

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’re 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.

SIGN IN	SUBSCRIBE

Want to learn more? View Subscriber Benefits

About the Author

Derick Lila

Derick is a Clark University graduate—and Fulbright alumni with a Master's Degree in Environmental Science, and Policy. He has 8+ years of solar industry research, marketing, and content strategy experience.

Wood Mackenzie expects solar installations to hit 115 GWdc in 2020 — even during the pandemic

Sunrun study reveals that energy security is top of mind for the majority of U.S homeowners during COVID-19

Canadian Solar has launched Series 7 monofacial and bifacial modules that produce up to 665 Watts

Canadian Feds announce 100M investment to help the oil and gas sector reduce its greenhouse gas emissions

Fast growth scenarios for the solar photovoltaics industry can help meet Paris agreement targets

Perovskite photovoltaics are prevalent but imperfect, so improving durability makes a big difference

Designing rules for light-absorbing dyes that can help make organic solar cells more efficient

Researchers are helping create more efficient solar cells that also do a better job of resisting degradation

Achieving Tesla’s 56 percent battery cost reduction strategy — with available material technology

Tesla competitor, Nikola and GM partner to streamline manufacturing and battery technology use

Its not news that Tesla’s stock is rising — these are three factors that are driving the shares higher

China’s ballooning $42b clean energy debt is hurting shares of the country’s renewable developers

Renewable energy sources produce more electricity than either coal or nuclear in almost 30 states, new EIA data reveals

Renewables makeup 63.3 percent of new U.S. generating capacity — sole source of new capacity in June, July, and august

Covid-19 notwithstanding, solar + wind increase 15.5% and maintain their lead over coal and nuclear power

Mid-year Report: Solar + Wind increases 16% and retains status as the fastest-growing source of U.S. electricity

If battery manufacturers design batteries for easier recycling, a looming e-waste crisis can be averted

Achieving Tesla’s 56 percent battery cost reduction strategy — with available material technology

Tesla competitor, Nikola and GM partner to streamline manufacturing and battery technology use

Post-pandemic recovery plan: Making a case for a federally implementable solar incentive program in Canada

It’s been two years since Matt installed solar panels on his Boston home. How’s it been going?

Check out this time-lapse video of a 15 kilowatt Tesla solar roof installation: completed in 4 days!

Do the environmental impacts of manufacturing solar panels outweigh the benefits? What about recycling?

How the U.S can actually transition away from fossil fuels in just 30 years — a complete road map

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.

Derick Lila

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

About the Author

Derick Lila

More Stories From Around the Web:

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.

Derick Lila

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

About the Author

Derick Lila

More Stories on this Topic

More Stories From Around the Web:

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