General Motors & LG Chem to build US Megafactory

In December, the USA’s General Motors (GM) and South Korea’s LG Chem announced they would be forming a joint venture to create a US-based megafactory to produce battery cells destined for electric vehicles. The proposed battery factory will be based in Ohio and will reportedly have a capacity of 30 GWh with the potential to expand this further. 

The companies will invest $2.3 billion in the joint venture which sees closer collaboration between the two, as GM already purchases LG Chem’s battery cells for use in its Chevy Bolt. The latest deal will bring GM . . .

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