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General Motors and LG Chem have started to prepare the ground at their new electric vehicle battery cell facility in Lordstown.
The two companies have established a joint venture called “Ultium Cells” for the battery cell manufacturing business.
Construction has started with ground prep activities for the future site of the Ultium battery cell manufacturing facility in Lordstown. [Read more…] about GM and LG Chem prepare ground at new electric vehicle battery cell facility in Lordstown
General Motors and LG Chem have agreed a partnership to mass-produce battery cells for future electric vehicles.
Together, the companies will invest up to a total of $2.3 billion through a new, equally owned joint venture company.
The joint venture will establish a battery cell assembly plant on a greenfield manufacturing site in the Lordstown area of Northeast Ohio that will create more than 1,100 new jobs. [Read more…] about GM and LG agree $2.3 billion partnership to mass-produce car battery cells
General Motors has confirmed that it is in discussions with Workhorse Group and an affiliated, newly formed entity to sell the company’s Lordstown Complex in Lordstown, Ohio.
The move – which was informally announced by US President Donald Trump earlier – has the potential to bring significant production and electric vehicle assembly jobs to the plant, says GM.
Upon final agreement, the entity, led by Workhorse founder Steve Burns, would acquire the facility. Workhorse would hold a minority interest in the new entity. [Read more…] about GM confirms discussions to sell Lordstown Complex to Workhorse
Workhorse, the electric vehicle developer, could be about to take over General Motors’ Lordstown, Ohio facility in a deal which may see the two companies form a joint venture.
This is according to a tweet by US President Donald Trump, whose comments appear to have pre-empted the deal and caught the two companies by surprise.
Trump tweeted: “GREAT NEWS FOR OHIO! Just spoke to Mary Barra, CEO of General Motors, who informed me that, subject to a UAW agreement etc., GM will be selling their beautiful Lordstown Plant to Workhorse, where they plan to build Electric Trucks. GM will also be spending $700,000,000 in Ohio…
[Read more…] about Workhorse might be taking over GM’s massive facility in Ohio
