GM offloading ownership in 1 of 4 battery plants as EV demand lags

Copy of GMUltiumCells-Lansing-03_i.jpg — General Motors is selling its stake in the Ultium Cells battery plant being built near Lansing, Mich., to joint-venture partner LG Energy Solution. (GENERAL MOTORS)

December 02, 2024 09:23 PM

General Motors has decided it no longer needs four U.S. battery plants to meet demand for electric vehicles and will sell its stake in one of the facilities to joint-venture partner LG Energy Solution.

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