GM, LG Chem to invest $2.3 billion in EV battery joint venture
LG Chem and GM have been working together considering that 2009. The relationship deepened as GM established and then launched the Chevy Bolt EV. The battery plant is anticipated to have a yearly capacity of more than 30 gigawatt hours with flexibility for expansion, according to GM. The area of the battery venture might develop goodwill in Lordstown, a town that suffered from sweeping lay offs after GM chose to stop producing the Chevrolet Cruze at its assembly plant there.
LG Chem and GM have actually been working together because 2009. The battery plant is expected to have a yearly capability of more than 30 gigawatt hours with flexibility for growth, according to GM. The location of the battery venture could develop goodwill in Lordstown, a town that suffered from sweeping lay offs after GM decided to stop producing the Chevrolet Cruze at its assembly plant there.