GENERAL MOTORS BATTERY JOINT VENTURE
General Motors Co and South Korea's LG Chem said on Thursday
they will invest $2.3 billion to set up an electric vehicle battery
cell joint venture plant in Ohio, creating one of the world's
largest battery facilities. The plant, to be built at a new site
near GM's closed assembly plant in Lordstown in northeast Ohio,
will employ more than 1,100 people, the companies said.
Construction is to begin in mid-2020 and the plant will have an
annual capacity of more than 30 gigawatt hours with the flexibility
to expand.
Source: Reuters
GM AT CENTER OF MPG, ELECTRIC-VEHICLE TAX CREDIT FIGHTS
General Motors Co. is at the center of a political fight in
Washington about gas-mileage rules and the future of tax credits
for electric vehicles as Congress gears up for an end-of-year push.
The Detroit manufacturer is one of the loudest voices lobbying for
an extension of a federal tax credit that provides up to $7,500 to
buyers of electric
