December 6, 2019
GM, LG Chem to Announce EV Battery Joint Venture in Ohio
South Korea’s LG Chem said it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture with General Motors. The facility, expected to be located in the Lordstown area of Ohio, would see an investment of more than $2 billion, with GM and LG Chem expected to invest more than $1 billion each. A GM-LG plant could be the first unionized battery factory in the U.S. Teslas factory and LG Chems battery factory in Michigan do not have unions.