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GM, LG Chem announce EV battery joint venture in Lordstown, Ohio

$2.3 billion investment will create 1,100 jobs

SEOUL/WASHINGTON (Reuters) - South Korea's LG Chem said on Thursday it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture with General Motors . An LG Chem spokesman confirmed an earlier Reuters report on the joint venture, but declined to give details. One source familiar with the matter told Reuters earlier that the facility, expected to be located in the Lordstown area of Ohio, would see investment of more than $2 bi

Report
LG Chem confirms battery plant delay, says taxpayer money not wasted [w/video]

The reports were spot on. The LG Chem battery plant in Holland, MI – which was intended to make batteries for the Chevrolet Volt plug-in hybrid, but has not yet started production – is not only furloughing its 200 employees, those breaks are "extending and expanding," according to Sebastian Blanco

MI Gov. Granholm outlines LG Chem's plans to build electrolyte production plant

Michigan Gov. Jennifer Granholm recently announced that LG Chem will expand the state's lithium-ion supply chain by constructing an electrolyte production facility alongside the battery maker's $303-million facility in Holland, MI. The 600,000 square-foot battery cell plant is already under construction and LG Chem expects it to be fully operational in 2012. The electrolyte production plant is in the early design stage and LG Chem is expected to make a more formal progress announcement in the we

Will they, won't they? Mitsubishi denies plan to partner with LG Chem for advanced li-ion batteries

GS Yuasa, Mitsubishi Corporation and Mitsubishi Motors launched a joint venture (JV) back in 2007 to manufacture lithium-ion batteries for the i-MiEV. Those batteries have been produced and the vehicle, that diminutive i-MiEV, is now available for purchase in Eric Loveday

President Obama checks out Volt and Focus Electric at LG Chem plant site

U.S. President Barack Obama gets out of a Chevrolet Volt – Click above for high-res image gallery