Energy Solutions buys GM battery plant in Lansing

General Motors announced last December that it would sell its stakes in the Ultium Cells LLC battery plant in Lansing, Michigan, to LG Energy Solution. The latter has now officially confirmed that it will purchase the plant for approximately US$2.03 billion, according to the newspaper The Korea Times. The transaction is expected to be finalized on May 31.

According to LG Energy Solution representatives, the full acquisition of the Lansing plant aligns with the company’s objectives, making the joint venture investment less costly since no additional investment in new buildings will be required.

Moreover, this sale will not affect GM’s interest in the Ultium Cells LLC agreement with LG Energy Solution, which will remain the source of batteries for its new electric vehicles.

(Photo GM)

Éric Descarries

Author’s Posts

The Chinese Are Coming… But…!

According to the specialized weekly publication Automotive News Canada, at least three Chinese automakers are currently organizing their entry into the Canadian market
...

Mar 17, 2026
Renault Plans to Unveil 36 New Models by 2030

Legendary French automaker Renault recently announced that it plans to launch up to 36 new models by 2030, specifying that several of them will be long-range electric vehicles.
...

Mar 16, 2026
Mercedes-Benz Unveils Its New Luxury Van

German automaker Mercedes-Benz has just announced the upcoming arrival of a luxury van capable of carrying up to eight occupants, the VLE.
...

Mar 15, 2026
Ram Relaunches Its ProMaster City Van

The international automaker Stellantis has just unveiled the American version of its European van — known as the Citroën Jumpy, Peugeot Expert, and Opel Vivaro — which will be marketed in Nort...

Mar 14, 2026
Chrysler Introduces a Revised Pacifica

Chrysler, the Stellantis automotive group’s Chrysler division, has just unveiled a redesigned version of its popular Pacifica passenger minivan, which is built in Canada.
...

Mar 13, 2026