G.M. Will Sell Stake in EV Battery Plant to LG
LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors.
Stellantis and Samsung Will Get $7 Billion to Build Battery Factories
The loan, from the Biden administration, was designed to withstand Republican attacks and will be used to make electric-car batteries in Indiana.
Stellantis and Samsung to spend $2.5 billion on an electric vehicle battery plant in Indiana.
The automaker, which owns Jeep and Ram, is seeking to catch up in a global race to build electric cars and trucks.