General Motors Teams Up With LG Chem Worth $2.3 Billion To Produce Lithium-Ion Battery Cells

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  • The new facility will provide employment opportunities to up to 1,100 people
  • The battery plant will have a capacity to produce more than 30 gigawatt hours of battery cells a year

General Motors (GM) has entered into a joint venture worth $2.3 billion with South Korea’s LG Chem to produce lithium-ion battery cells in Ohio. The plant will be located in Lordstown. The facility will supply batteries for upcoming GM battery electric vehicles which includes a pickup truck that will go into production in 2021.

The battery plant will have a capacity to produce more than 30 gigawatt hours of battery cells a year and can be expanded further. The plant will not assemble the battery packs or modules. They will be assembled at or near the vehicle assembly plants. The new plant will not be up to full production until 2023.

Employment opportunities to up to 1,100 people

The new facility will provide employment opportunities to up to 1,100 people. As per a report by Forbes, Mary Barra, CEO, General Motors did not rule out eventually providing batteries to other OEMs from this facility.

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