GM, LG Chem to build $2.3bn battery cell assembly plant in Ohio, US

GM

December 10, 2019 -US-based General Motors (GM) in a joint venture with LG Chem is planning to build a battery cell assembly plant in Ohio, US with an investment of $2.3bn.

 

Planned to be built on a greenfield manufacturing site in the Lordstown area of Northeast Ohio, the facility will be equipped for mass production of battery cells for future battery-electric vehicles.

 

The plant, which is expected to create more than 1,100 new jobs, will use the most advanced manufacturing processes to produce cells efficiently with little waste.

 

Construction on the new project is scheduled to commence in mid-2020.

 

General Motors said that the new battery plant will have an annual capacity of more than 30 gigawatt-hours with flexibility for expansion and enable the implementation of on-going advances in technology and materials.

 

GM chairman and CEO Mary Barra said: “With this investment, Ohio and its highly capable workforce will play a key role in our journey toward a world with zero emissions.

 

“Combining our manufacturing expertise with LG Chem’s leading battery-cell technology will help accelerate our pursuit of an all-electric future.”

 

Additionally, the two parties signed an agreement to jointly develop and produce advanced battery technologies to reduce the cost of the battery to industry-leading levels.

 

LG Chem vice-chairman and CEO Hak-Cheol Shin said: “Our joint venture with the No. 1 American automaker will further prepare us for the anticipated growth of the North American EV market, while giving us insights into the broader EV ecosystem.

 

“Our long-standing history with General Motors has proven our collective expertise in this space, and we look forward to continuing this drive for zero emissions.”

 

General Motors, in a statement, said: “This announcement, along with the recent sale of GM’s manufacturing complex in Lordstown, Ohio to Lordstown Motors Corp. for the production of battery-electric trucks, positions Northeast Ohio and the Mahoning Valley as a major hub for technology and electric vehicle manufacturing.”

Source:-http://www.worldconstructionnetwork.com/news/gm-lg-chem-to-build-23bn-battery-cell-assembly-plant-in-ohio-us/

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