Mexican Media Brands
GM, LG Chem Form Battery JV in Ohio
General Motors Co. and LG Chem Ltd. are forming a 50:50 joint venture to produce battery cells for electrified vehicles in Ohio.
Share
General Motors Co. and LG Chem Ltd. are forming a 50:50 joint venture to produce battery cells for electrified vehicles near the carmaker’s former auto plant in Lordstown, Ohio.
The partners plan to invest a combined $2.3 billion in the venture. Construction of the new facility, which will employ 1,200 people, is due begin in mid-2020.
In addition to the yet-to-be-named JV, GM and LG Chem have agreed to jointly develop next-generation battery technologies. The companies aim to improve performance capabilities and reduce battery costs.
When completed, the Ohio site will have an annual capacity of more than 30 GWh, which will make it one of the largest automotive battery facilities in the world. GM says the plant could be expanded in the future, based on demand.
The battery cells will be used in GM electrified vehicles. GM has said it plans to launch 20 EV models globally by 2023, including an electric pickup truck in late 2021.
RELATED CONTENT
-
When Automated Production Turning is the Low-Cost Option
For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.
-
Robotic Exoskeleton Amplifies Human Strength
The Sarcos Guardian XO Max full-body, all-electric exoskeleton features strength amplification of up to 20 to 1, making 200 pounds—the suit’s upper limit—feel like 10 pounds for the user.
-
TRW Multi-Axis Acceleration Sensors Developed
Admittedly, this appears to be nothing more than a plastic molded part with an inserted bolt-shaped metal component.
