Developing EVs by Mass Producing E Batteries News
One of the World's Largest: $2.3 Billion EV Battery Plant for Lordstown, Ohio Source: GM Electric Cadillac GM and South Korea's LG Chem Joint Venture GM and South Korea's LG Chem are investing $2.3 billion to build an electric vehicle battery cell plant in the Lordstown area of Ohio, USA. The plant will be one of the world's largest EV battery cell producing plants. GM and LG Chem will break ground for the new facility in mid-2020 and the new plant will create 1100 jobs at the start of operations. The companies say this plant will be flexible enough to respond to rapid changes in EV battery technology needs. Those needs are accelerating with demand for greater range on less charge times, advancing with electric car technology and they are very expensive. GM CEO Mary Barra's Electric Vehicle Commitment This is a very significant investment. GM CEO Mary Barra believes that the future of driving is electric. The lack of l...