Image of General Motors battery assembly line

General Motors and LG Chem announced today they will invest $2.3 billion to set up an electric vehicle (EV) battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities. The plant, to be built at a new site near GM’s closed assembly plant in Lordstown in northeast Ohio, will employ more than 1,100 people and have an annual capacity of more than 30 gigawatt hours with the flexibility to expand.

GM Chief Executive Mary Barra said the investment in the Ohio battery plant will accelerate the automaker’s initiative to introduce 20 new EVs globally by 2023. “General Motors believes in the science of global warming and believes in an all-electric future,” she said.

Barra added that the new battery cells will be used in a new GM electric pickup which will start production in fall 2021 at the company’s Detroit-Hamtramck plant.

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Multi-Billion Dollar Battery Investment Signals Big EV Future