# 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.

- Type: Partnership
- Announced: 2019-12-10
- Where: Lordstown, Ohio, United States
- Value: $2.30B
- Jobs: 1,100
- Status: announced
- Products: battery cells for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [LG Chem](https://endata.com/companies/2456.md) (partner)
- [General Motors](https://endata.com/companies/4654.md) (partner)

## Sources

- [roboticsandautomationnews.com](https://roboticsandautomationnews.com/tag/partnership/page/16/), 2019-12-10: "Together, the companies will invest up to a total of $2.3 billion through a new, equally owned joint venture company."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.