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GM, LC Chem announce $2.3 billion EV battery venture in Ohio

December 5, 2019

Via: Reuters

The plant, to be built at a new site near GM’s closed assembly plant in Lordstown in northeast Ohio, will employ more than 1,100 people, the companies said. Construction is to begin in mid-2020 and the plant will have an annual capacity of more than 30 gigawatt hours with the flexibility to expand.

At a media briefing, Chief Executive Mary Barra said the 50-50 joint venture with LG Chem is aimed at “dramatically enhancing electric vehicle affordability and profitability.”

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