GM to sell stake in battery cell plant

GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion
General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner LG Energy Solution.
GM to sell its stake in Michigan battery plant to LG Energy Solution
General Motors said Monday it will sell its stake in its joint venture battery plant in Lansing, Michigan, to partner LG Energy Solution as the Detroit automaker trims its electric vehicle plans. GM expects to recoup its investment in the facility,
GM offloads one of its battery factories to joint venture partner LGES
General Motors is selling its stake in the nearly completed Ultium Cells battery cell plant in Lansing, Michigan to its joint venture partner LG Energy Solution. GM’s step back from the factory comes amid weakening electric vehicle demand and the potential rollback of Biden administration incentives to produce clean energy domestically.
GM Sells Part of EV Battery Plant. Focus on the Cash.
It underscores that GM is focused on capital efficiency. “Our EV profitability is rapidly improving thanks in part to our str
GM sells stake in EV battery plant and deepens ties to LG
General Motors is selling its stake in a new battery plant that was built with government incentives. Why it matters: GM partners with South Korean battery giant LG Energy Solution through a joint venture called Ultium Cells,
US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture
The U.S. Energy Department said Monday it is proposing to loan up to $7.54 billion to a joint venture of automaker Stellantis ...
Stellantis Battery Joint Venture To Get $7.6 Billion Federal Loan For Two Indiana Plants
The Department of Energy has given the initial sign off on a $7.54 billion loan to a battery joint venture between FCA US and ...
US commits to $7.54 billion loan for Stellantis venture to build 2 electric vehicle battery plants
A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. Energy Department for up to a $7.54 billion ...
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Michael Gerrity, founder of Miami-based real estate technology developer World Property Ventures, announced this week two of ...
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Inari Medical Announces Joint Venture in Greater China
Inari Medical, Inc. (NASDAQ: NARI) ("Inari”), a medical device company with a mission to treat and transform the lives of ...
Volkswagen and Joint Venture Partner Sell Chinese Plant
Volkswagen and its joint venture partner in China sold a plant in the country that has previously brought increased scrutiny ...
Riyadh Metro Successfully Delivered by Parsons-Led Joint Venture
Parsons Corporation (NYSE: PSN), announced today that the official inauguration took place on 27 November 2024 for the $27 billion Riyadh Metro. Parsons is one of three consultants working as part of ...
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Petrobras in talks for possible 'big' new ethanol joint venture
Petrobras (NYSE:PBR) is is in talks with 4-5 ethanol producers to create a possible joint venture, CEO Magda Chambriard ...
One of region's largest private firms creates joint venture with Japanese firm
The St. Louis-area firm will hold a majority share of the partnership, which could eventually look to open a manufacturing ...
Volkswagen and Chinese partner SAIC to sell joint venture plant in west China's Xinjiang
Volkswagen and SAIC Motor say they have agreed to extend their 40-year-old automaking joint venture in China until 2040 ...
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Joint Venture to Bring Inverter Swing Compressors to U.S.
Copeland will hold a majority share in the joint venture with Daikin Industries Ltd. The partnership will sell inverter swing ...
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Matex International Expands with Shanghai Joint Venture
Matex International Limited (SG:M15) has released an update. Matex International Limited has successfully formalized a joint venture in Shanghai, ...