GM And LG Chem Plan $2.3 Billion Electric Battery Venture In Ohio

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Thread: GM And LG Chem Plan $2.3 Billion Electric Battery Venture In Ohio

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    GM And LG Chem Plan $2.3 Billion Electric Battery Venture In Ohio

    NPR
    December 5, 20193:07 PM ET

    General Motors and LG Chemical plan to make battery cells for electric-powered vehicles, unveiling a joint venture that they expect to create more than 1,100 jobs in northeast Ohio. The companies say they'll invest up to $2.3 billion in the venture.

    The project is centered around Lordstown, Ohio, where GM shuttered a plant last March that had produced the Chevrolet Cruze. The new plant in the Lordstown area will make battery cells for GM's upcoming all-electric vehicles, from a Cadillac sedan to a new electric truck that's slated for release in late 2021.

    GM recently sold its idled Cruze plant to a company called Lordstown Motors Corp., which plans to produce electric pickup trucks at the facility, as member station WCBE reported.
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    Re: GM And LG Chem Plan $2.3 Billion Electric Battery Venture In Ohio

    This should be built just in time.

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    Re: GM And LG Chem Plan $2.3 Billion Electric Battery Venture In Ohio

    I hope Cadillac does not get short changed. Poor Buick, its now the Mercury brand or the Plymouth step child

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    Re: GM And LG Chem Plan $2.3 Billion Electric Battery Venture In Ohio

    Quote Originally Posted by mbukukanyau View Post
    I hope Cadillac does not get short changed. Poor Buick, its now the Mercury brand or the Plymouth step child
    As someone who is somewhat more of a Buick fan than anything else these days, it about makes me want to bawl. .

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    Re: GM And LG Chem Plan $2.3 Billion Electric Battery Venture In Ohio

    Why sell Lordstown at a loss then need to put billions into a new plant? They should reuse as they're doing in Oshawa. Waste of money. This is why a crap box Bolt still costs over 35K.

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    Re: GM And LG Chem Plan $2.3 Billion Electric Battery Venture In Ohio

    Quote Originally Posted by joey View Post
    Why sell Lordstown at a loss then need to put billions into a new plant? They should reuse as they're doing in Oshawa. Waste of money. This is why a crap box Bolt still costs over 35K.
    Nor sure how this went down, but in hind-sight; a JV Battery Plant right next to your final assembly plant sure would be handy.............
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