GM And LG Chem Plan $2.3 Billion Electric Battery Venture In Ohio

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GM And LG Chem Plan $2.3 Billion Electric Battery Venture In Ohio

The project is centered around Lordstown, Ohio, where GM shuttered a plant last March that had produced the Chevrolet Cruze. The new plant in the Lordstown area will make battery cells for GM's upcoming all-electric vehicles, from a Cadillac sedan to a new electric truck that's slated for release in late 2021. GM recently sold its idled Cruze plant to a company called Lordstown Motors, which plans to produce electric pickup trucks at the facility, as member station WCBE reported. The new venture will pair GM's manufacturing know-how with LG Chem's battery-cell technology, says GM Chairman and CEO Mary Barra. Construction on the facility will begin in the summer of 2020, the companies say.
 
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