Hyperdrive
GM, LG Chem to Build $2.3 Billion Battery Plant in Ohio
- New plant will build batteries for GM’s next-generation EVs
- GM’s Mary Barra said UAW membership will be up to the workers
A "Save Me" sign sits displayed on GM Lordstown Complex signage near the production plant in Lordstown, Ohio on March 4.
Photographer: Allison Farrand/BloombergThis article is for subscribers only.
General Motors Co. and its battery partner, South Korea’s LG Chem Ltd., said they will jointly invest $2.3 billion in a new electric-vehicle battery plant to be built in Lordstown, Ohio, the same city where the automaker controversially idled and then sold a 53-year-old compact-car factory.
The two companies plan to hire 1,100 workers, about the same number that were laid off when the Lordstown assembly plant that used to make the Chevrolet Cruze compact was idled in March. GM then sold the assembly plant to an electric pickup-truck startup called Lordstown Motors Corp.