GM CEO and Chairman Mary Barra and LG Chem Vice Chairman and CEO Hak-Cheol Shin on the automaker’s battery lab in Warren, Mich., the place the businesses introduced a brand new $2.6-billion three way partnership on Dec. 5, 2019.
GM
DETROIT – General Motors and LG Energy Solution have indefinitely shelved plans to construct a fourth battery cell plant within the U.S., as talks between the 2 sides not too long ago ended with out an settlement, an individual accustomed to the plans confirmed to CNBC.
The Detroit automaker is anticipated to proceed with its plans to construct the plant however is trying to find one other accomplice, in response to the one that requested to not be named as a result of the talks are non-public.
“We’ve been very clear that our plan contains investing in a fourth U.S. cell plant, however we’re not going to touch upon hypothesis,” GM stated Friday in an emailed assertion.
The Wall Street Journal first reported Friday afternoon that talks had stalled between GM and LG partially as a result of LG Energy executives in Korea had been hesitant to…
2023-01-21 20:14:28 GM, LG finish plans for fourth U.S. battery cell plant; automaker seeks new accomplice
Article from www.cnbc.com