GM and LG Chem form $2.3B joint venture for battery cells

General Motors and LG Chem agreed to a partnership to mass-produce battery cells for electric vehicles through a new equally owned joint venture. They will invest up to $2.3 billion to build a battery cell assembly plant in Lordstown, Ohio, creating over 1,100 jobs. The announcement was made on December 10, 2019.

“Together, the companies will invest up to a total of $2.3 billion through a new, equally owned joint venture company.”roboticsandautomationnews.com

• 1 source
• roboticsandautomationnews.compartnership – Page 16Sam Francis, David Edwards, AnnaDec 10, 2019

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