Michigan had to ‘decouple’ its first mega-subsidy deal to allow General Motors to sell one of two factories that shared a $600 million incentive GM is transferring $120 million in incentives to LG ...

"By extending our partnership with LG Energy Solution, we’re taking an important step towards these goals.” Why GM is selling its stake in Lansing GM is selling back its stake in the Ultium ...

Company Recognized for Innovation Excellence at GM's 33rd Annual Supplier of the Year Award SEOUL, South Korea , April 14, 2025 /PRNewswire/ -- LG Electronics (LG), a mobility sector technology leader ...

LG Energy Solution unit to pay $2 bln for Michigan battery venture with GM South Korea's LG Energy Solution said on Tuesday that its U.S. unit will acquire the assets held by its Michigan electric ...

GM has since exited the project to recoup its $1 billion investment, as EV demand has fallen short of projections. LG Energy Solution planned to use the Holland plant to fill an order for Toyota Motor ...

A coalition of regional agencies and leaders wants state and local incentives for the Ultium Cells battery plant to be ...

General Motors said it was selling back part of a battery plant in Lansing, Mich., to its partner LG Energy Solution. The sale should recoup about $1 billion for the auto maker and is another ...

For its part, LGES has built or is building eight battery plants in the United States, including six in partnership with other companies like GM. LGES also has NextStar Energy, a joint-venture ...

That $2.8 billion site originally was planned for use by Ultium Cells LLC, a 50-50 partnership between GM and South Korea-based LG Energy Solution Ltd. But a bumpier-than-expected transition to ...

The Michigan Strategic Fund voted Tuesday to allow LG Energy Solution Inc ... creation obligations for the Ultium Cells LLC plant. GM and LG announced in 2022 its joint venture battery plant ...