GM to Sell Stake in Battery Plant to Ultium Cells Joint Venture Partner

December 4, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--General Motors Company (NYSE:GM) (Detroit, Michigan) said it plans to sell its stake in the nearly completed $2.6 billion grassroot electric vehicle (EV) battery cell plant in Lansing, Michigan to project partner LG Energy Solution (Seoul, South Korea) for an undisclosed amount. Industrial Info is tracking the related project as well as others related to the companies' joint venture, named Ultium Cells LLC.