Michigan officials are planning to renegotiate a taxpayer-funded incentive deal for General Motors Co. after the ...
The announcement came after GM sunk approximately $1 billion into the production facility. The Lansing battery plant was one of three that GM planned to operate as part of its Ultium Cells joint ...
General Motors will not own a stake in the Ultium Cells battery plant in Lansing after all. On Monday, GM said it will sell back its investment in the plant, which has not yet opened, to its ...
Michigan competed aggressively for electric vehicle battery projects as companies rolled out plans for multibillion-dollar ...
Lansing — The state of Michigan paid General Motors Co. and its joint venture every cent of a $600 million taxpayer-funded grant before the automaker had completed either of its promised ...
Based on these remarks, it appears as though GM has more battery cell production ... its stake in a third Ultium Cells plant currently under construction in Lansing, Michigan to joint venture ...
Earlier this month, GM said that it would sell its stake in the Lansing Ultium Cells LLC battery plant to its joint-venture partner LG Energy, expecting to recover $1 billion from the investment.
This week, though, GM announced that it will sell its stake in the Lansing facility to LG ... GM has been making a lot of changes to its battery technology, which could reduce the price of ...
Advertisement Article continues below this ad The 2.8 million square foot Lansing plant ... unclear. GM also announced Monday that it reached agreement with LG to develop prismatic battery cells ...
which operates battery plants in Ohio and Tennessee. The largest U.S. automaker said the plant, which is near completion, will serve an unidentified new customer. GM said the Lansing plant ...