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The Independent UK
The Independent UK
National
Via AP news wire

General Motors to sell its stake in Lansing, Michigan, battery factory to LG Energy Solution

General Motors LG LG Energy Solution Lansing Michigan GM electric vehicle
General Motors Battery Plant Sale - (Copyright 2020 The Associated Press. All rights reserved)

General Motors has reached an agreement to sell its stake in a nearly completed electric vehicle battery plant in Lansing, Michigan.

The company said Monday that it has a nonbinding agreement for the sale to joint venture partner LG Energy Solution of South Korea. The companies expect to close the sale by the end of March.

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