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GM offloads one of its battery factories to joint venture partner LGES

2 December 2024 at 13:29

General Motors is selling its stake in the nearly completed Ultium Cells battery cell plant in Lansing, Michigan, to its joint venture partner LG Energy Solution (LGES). GMโ€™s step back from the factory comes amid weakening electric vehicle demand and the potential rollback of Biden administration incentives to produce clean energy domestically.ย  GM and LGES [โ€ฆ]

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