LG Energy acquires GM's Michigan EV battery plant for $2bn

South Korean manufacturer to wind down further expansion, cut budget by 30%

20250508 N LG Michigan plant

LG Energy Solution operates eight manufacturing plants in North America, three of which are joint ventures with Stellantis, Honda and Hyundai. (LGES)

PAK YIU

NEW YORK -- LG Energy Solution has fully acquired General Motor's stake in a cell manufacturing plant in Lansing, Michigan, the South Korean battery maker announced Thursday.

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