GM is selling its stake in the Ultium Cells battery cell plant in Lansing to its partner LG Energy Solution but the two are working on prismatic cell development.
The buyout by LG Energy Solution is expected to close in Q1, 2025 and GM expects to recoup its investment in the facility, though it has not disclosed the amount. The carmaker is estimated to have contributed $1 billion to the Lansing project.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today.
By creating your account you will be able to stay up-to-date with the latest industry developments, trends and analysis, read in-depth reports and intelligence, and connect with your peers.
Creating an account gives you:
Gain access to our exclusive content and features register free today
Non-registered users are able to access one AL exclusive articles per week. You have now used your allocation.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today
While it strengthens terminal operations in its European network, Grimaldi is also dedicating vessels for the China-Europe trade in EVs.
DIN DKE SPEC 99100 – Requirements for Data Attributes of the Battery Passport standard – defines data attributes for the EU Battery Passport.
VW China is looking at rapid battery EV development on a new digital architecture supported by a local supply chain that will enable it to produce value over volume.
