GM to Sell Stake in Lansing Battery Cell Plant to Partner LG Energy Solution
partnering with LG Energy Solution,” shared Paul Jacobson, GM executive vice president and CFO. “It will be years before some of our competitors approach this level of performance. We believe we have the right cell and manufacturing capabilities in place to grow with the EV market in a capital-efficient manner.”
General Motors highlighted that Ultium Cells has created thousands of jobs in the U.S. through its plants in Ohio and Tennessee. The cells produced at these facilities power a range of GM’s latest EVs including popular models like the Chevrolet Silverado EV, GMC Sierra EV, Cadillac LYRIQ, Chevrolet Blazer EV, Chevrolet Equinox EV, GMC HUMMER EV Pickup, and SUV.
General Motors is driving the future of transportation, emphasizing advanced technology to build safer, smarter, and lower-emission vehicles. With brands like Buick, Cadillac, Chevrolet, and GMC, GM offers a broad portfolio of innovative gasoline-powered vehicles and the industry’s widest range of EVs as we move towards an all-electric future.
It should be noted that this press release may contain forward-looking statements within the meaning of U.S. federal securities laws. While GM expresses optimism based on historical trends, current conditions, and expected future developments, actual results may vary due to various factors. GM advises against placing undue reliance on forward-looking statements as they speak only as of the date they are made.
