will invest up to $2.3 billion by 2023 to form a joint venture in Ohio for the production of battery cells for electric vehicles.
Shares of GM were relatively flat after opening at $35.60 on Thursday. The stock, which has a market value of nearly $51 billion, has gained 6% since the start of the year.said the new plant is "another important and significant step toward an all-electric future," which includes at least 20 new all-electric vehicles globally by 2023.
The plant, according to GM, is expected to drive cost per kilowatt-hours, a key metric for making electric vehicles more affordable, to "industry-leading levels." "The joint venture that we are signing today is more than just a collaboration," he said Thursday at the media event. "It marks the beginning of a great journey that will create an emission-free society and transform the global automotive market into an eco-friendly era."
21WFMJ Question: How many days will it take me to drive from New York City to Chicago? AskingForAFriend
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GM And LG Chem Launch $2.3 Billion Battery Joint Venture In Ohio For EV PushGeneral Motors CEO Mary Barra revealed today a 50-50 joint venture with LG Chem valued at $2.3 billion to produce lithium-ion battery cells in Ohio Why Ohio ? Don’t do it! We don’t want them and won’t buy them
Source: Forbes - 🏆 394. / 53 Read more »
GM, LG Chem to announce EV battery joint venture in OhioSouth Korea's LG Chem said on Thursday it would invest $916 mil... Let's not bring the ecosystems of the Congo down. Use some hydrogen and combustion fueled vehicles also.
Source: Reuters - 🏆 2. / 97 Read more »
Exclusive: GM, LG Chem to announce EV battery joint venture in Ohio - sourcesGeneral Motors and South Korea's LG Chem are set to announce on... Winning
Source: Reuters - 🏆 2. / 97 Read more »
GM and LG plan to build a $2.3 billion battery plant near the closed Lordstown plantGeneral Motors and LG Chem announced plans for a $2.3 billion factory to build batteries for electric cars. The factory will be near the site of GM's closed Lordstown assembly plant in Ohio. Making South Korea Great Again Can you not assume we all know where lordstown is and give a stare or country. I only wanted to know where not read the article Thank you Sen. Portman.
Source: cnnbrk - 🏆 393. / 55 Read more »
Ohio Finds Cases of Noncitizens Registered to Vote in 2018A small number of noncitizens allegedly voted in Ohio, the state’s chief election official said, but he sought to assuage concerns about election integrity by noting that voter fraud is extremely rare. Keep telling yourself that lie...Legend If even one voted, it's a problem. Duh
Source: WSJ - 🏆 98. / 63 Read more »
Yankees GM: I slept outside in our cold stadium. Here's what I learned'I've slept more than a few nights inside my office at Yankee Stadium ... But this past week was the first time I slept outside at Yankee Stadium,' writes Brian Cashman, New York Yankees senior vice president and general manager | Perspectives I'm so glad he was able to solve the homeless problem. Hopefully, he got to dook on the sidewalk to show solidarity.
Source: CNN - 🏆 4. / 95 Read more »