DETROIT—General Motors and LG Chem will form a joint venture company to mass-produce batteries for electric vehicles. Together, the companies will invest up to $2.3 billion in the company, which will establish an assembly plant on a greenfield site in the Lordstown area of Northeast Ohio. The project is expected to create more than 1,100 new jobs.
CHATTANOOGA, TN—Volkswagen of America has started construction on its $800 million electric vehicle production facility here that will include battery pack assembly.
GERMANY— Volkswagen Group started manufacturing its ID.3 electric car this month. This is the company’s first electric car based on its Modular Electric Drive Toolkit or MEB platform.
One of the main issues in the recent strike against General Motors revolved around the increasing electrification of automobiles. The shift to electric- and hybrid-powered vehicles is expected to radically alter the shape of the auto industry in the decade ahead. It will also change the look of assembly lines.
DETROIT—General Motors will expand production and sales of the Chevrolet Bolt electric vehicle. At the same time, GM is expanding battery production for the vehicle from South Korea to a new factory in Michigan.
