GM and LG Call Off Partnership for 4th Battery Plant; GM Seeks New Partner
Written by Jamie L. LaReau, Detroit Free Press
Published Jan. 23, 2023
General Motors and LG Energy Solution have tentatively called off plans to build a fourth battery cell plant in the U.S. together as part of their joint venture Ultium Cells LLC, after the two sides failed to reach an agreement on details for that fourth plant, a person familiar with the plans confirmed to the Detroit Free Press on Jan. 20.
GM is expected to seek a new battery cells partner for the fourth plant, the person said. The person asked to not be named because negotiations are private.
GM spokesman Dan Flores told the Free Press that evening, "We are absolutely committed to the fourth battery cell plant in the U.S., but we’re not going to comment on the speculation (about the faltering partnership with LG) that is out there now.”