Published 4 days ago • loading... • Updated 2 days ago

LG Energy Solution unit to pay $2 billion for Michigan battery venture with GM

Summary by Channel News Asia

SEOUL :South Korea's LG Energy Solution said on Tuesday that its U.S. unit will acquire the assets held by its Michigan electric vehicle battery venture with General Motors for $2 billion.The value of the deal, set to close on May 31, could change after due diligence, the EV battery maker said in a filing.

7 Articles

All

Left

Center

Right

The Korea Times

Lean Left

LG Energy to acquire GM's stake in Michigan battery plant

LG Energy Solution (LGES), Korea’s leading battery maker, said Tuesday it will acquire General Motors’ entire stake in their joint-venture battery plant in Michigan for 3 trillion won ($2.03 billion).

3 days ago·Korea, Republic of

Read Full Article

Channel News Asia

Reposted by

Hindustan Times

Center

LG Energy Solution unit to pay $2 billion for Michigan battery venture with GM

3 days ago·Singapore

Read Full Article

MITechNews

Michigan Strategic Fund Board Approves LG Energy Solution Takeover Of Lansing EV Battery Plant

LANSING – The Strategic Fund Board approved amendments to the MSF incentives authorized in January 2022 for the construction of an Ultium battery manufacturing facility in Lansing, originally a joint venture between GM and LG Energy Solution (LGES). Through the sale of GM’s portion of the battery plant and 100% transfer of state incentives already secured for the facility, LGES will wholly own the facility – ensuring the project stays on track a…

2 days ago

Read Full Article

evmagz.com

LG Energy Solution to Acquire GM's Michigan EV Battery Plant Assets for $2 Billion

South Korea’s LG Energy Solution announced on Tuesday that its U.S. unit will acquire the assets of its Michigan electric vehicle (EV) battery joint venture with General Motors for $2 billion. The final value of the transaction, expected to be completed by May 31, remains subject to due diligence, LG Energy Solution said in a [...] The post LG Energy Solution to Acquire GM’s Michigan EV Battery Plant Assets for $2 Billion appeared first on EVMag…

3 days ago

Read Full Article

quatrostrategies.ca

LGES consolidates U.S. battery operations with $2 billion GM stake buyout

LGES consolidates U.S. battery operations with $2 billion GM stake buyout April 1, 2025 Posted by: Quatro Strategies Categories: Asia Pacific, ESG & Renewable Energy, United States No Comments Subscribe to unlock this insight. START YOUR TRIAL NOWALREADY A MEMBER? .vc_custom_1452662201783{margin-right: 0px !important;margin-bottom: 40px !important;margin-left: 0px !important;}.vc_…

3 days ago

Read Full Article

regionalmedianews.com

LG Energy Solution JV with GM sells $2 billion in assets to US subsidiary - Regional Media News

SEOUL (Reuters) – LG Energy Solution said on Tuesday that its joint venture with General Motors would sell $2 billion worth of assets to its U.S. unit. The South Korean EV battery maker said in a regulatory filing that the assets were a factory and the land of the joint venture’s battery making plant in Michigan. (Reporting by Ju-min Park; Editing by Christian Schmollinger) Brought to you by www.srnnews.com

4 days ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year