GM and LG in Joint Venture to Build Massive Electric Vehicle Battery Factory in Ohio

December 5th, 2019

Via: CNBC:

General Motors and LG Chem will invest up to $2.3 billion by 2023 to form a joint venture for production of battery cells for electric vehicles in Ohio.

The companies plan to build a battery cell factory in the Lordstown-area of northeast Ohio. Construction of the plant, which is expected to be among the largest in the world, is expected to begin in mid-2020.

The plant’s annual capacity is expected to be more than 30 gigawatt hours “with flexibility for expansion,” according to GM.

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