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
-
Increasing Use of Structural Adhesives in Automotive
Can you glue a car together? Frank Billotto of DuPont Transportation & Industrial discusses the major role structural adhesives can play in vehicle assembly.
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
