fbpx
News Around

GM and LG Chem to open a plant for EV batteries.

As per the sources, General Motors and LG chem are collaborating to set a plant for EV batteries. One source familiar with the matter told Reuters earlier that 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.

The discussed plant could be the first unionized battery factory in the United States. Tesla’s factory and LG Chem’s battery factory in Michigan do not have unions.

According to Reuters, Ohio has become a lightning rod in the 2020 presidential election after GM announced in November 2018 plans to close a car manufacturing plant in Lordstown, drawing condemnation from U.S. President Donald Trump.

The company started in September, that it planned to bring battery cell production to the Lordstown area, which it said would create about 1,000 manufacturing jobs.

South Korea LG’s second plant would make modular batteries for multiple GM vehicles, including a future Cadillac EV, a second source told Reuters.

Last month, GM sold its shuttered Lordstown Assembly plant to a start-up company that plans to begin building electric pickup trucks by the end of 2020.

Related Articles

Dubai Airport titled as ‘The World’s number one Airport for International passengers’

Brands Magazine

China to inaugurate the world’s highest bridge soon

Isra Shams

A Muslim kills his wife for ‘looking after men’ in UK

Brands Magazine