GM plans to build a second battery factory in the US


March 4 (Reuters) – General Motors Co is planning to build a second battery factory in the United States with South Korean joint venture partner LG Chem Ltd, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The companies are close to finalizing a decision to locate the plant in Tennessee, according to the report https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.wsj.com%2Farticles% 2Fgm- search-to-build-second battery factory-in-us-11614853806% 3Fmod% 3Dlatest_headlines & data = 04% 7C01% 7CRachit.Vats% 40thomsonreuters.com% 7Cdd39c71d9698438f78ef08d8def919b8% 7C62ccb8646a1a4b5d8e1c397dec1a8258% 7C0% 7C0% 7C637504508757883624% 7CUnknown% 7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0% 3D% 7C1000&sdata=aWPII1JkwgsfU%2F3twmHR9yE%2FMEw5E8C%2BO9fNJ0tPtek%3D&reserved=0

Both GM and LG did not immediately respond to Reuters requests for comment.

The companies are already building a $2.3 billion battery factory in northeast Ohio, which is expected to open in 2022 and will eventually provide enough batteries to power electric vehicles.

(Reporting by Rachit Vats in Bengaluru; Editing by Aditya Soni)

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