Stock Market News
GM, LG Energy Solution considering Indiana for fourth U.S. battery plant
2022.08.19 02:46
2/2
FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook
2/2
WASHINGTON (Reuters) – General Motors Co (NYSE:GM) and LG Energy Solution are considering a site in Indiana for a fourth U.S. battery cell manufacturing plant, a spokeswoman for the companies’ joint venture said on Thursday.
Ultium Cells LLC “is developing a competitive business case for a potential large investment that could be located in New Carlisle, Indiana,” she said, adding that Ultium had submitted a tax abatement application.
Production at Ultium’s first U.S battery cell plant in Ohio is set to begin later this month.
