Replies to post #40 on Giga Factories and Battery Companies

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WASHINGTON, Jan 20 (Reuters) - General Motors Co (GM.N) and LG Energy Solution (373220.KS) do not plan to move forward with a fourth U.S. battery cell manufacturing plant, two sources told Reuters on Friday.

The companies' joint venture Ultium Cells LLC said in August it was considering a site in New Carlisle, Indiana, for a fourth U.S. battery plant, expected to cost around $2.5 billion.

"We’ve been very clear that our plan includes investing in a fourth U.S. cell plant, but we’re not going to comment on speculation," GM said in a statement on Friday

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Read the rest here.

https://www.reuters.com/technology/gm-lg-energy-drop-plan-fourth-us-jv-battery-plant-2023-01-20/