DETROIT—General Motors is selling its stake in a nearly completed battery cell plant in Lansing, MI, to its joint-venture partner, LG Energy Solution Michigan Inc.
HOLLAND, MI—LG Energy Solution has announced that it is investing $1.7 billion at its plant here to increase production of lithium-ion polymer battery cells and packs for EVs by fivefold. The expansion will create more than 1,200 new jobs.