The Latest Breaking News from LG Energy Solution

WASHINGTON — The U.S. Department of Energy has finalized a $2.5 billion loan to Ultium Cells LLC, the EV battery joint venture between General Motors Co. and South Korean battery company LG Energy Solution, officials said Monday.

A joint venture between General Motors and South Korean battery company LG Energy Solution has closed on a $2.5 billion federal loan to help finance three lithium-ion battery cell plants in Ohio, Tennessee, and Michigan

The United Auto Workers has filed to have a union election on behalf of about 900 workers at the Ultium Cells LLC plant in Warren, Ohio.

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The maker of Jeep SUVs and Ram trucks is giving Michigan another chance to land an electric-vehicle battery plant and the hundreds of jobs that come with one after the Great Lakes State missed out on the company's first two for North America.

Honda and LG Energy Solution's joint venture (JV) battery gigafactory will be located in Ohio, where the Japanese company intends to create a true EV hub.

The investment into the project could be as high as $4.4 billion.

DETROIT — The CEO of Stellantis NV says employees of its joint-venture electric-vehicle battery manufacturing plants will be unionized if they wish.

Ultium Cells, the battery joint venture between General Motors and LG Energy Solution, has started production at its first plant located in Warren, Ohio.