General Motors offloads Michigan EV battery factory stake
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General Motors (GM) has sold its stake in the Ultium Cells LLC EV battery plant in Michigan to LG Energy Solution. The plant is nearly completed, and GM's exit comes before its completion.

December 03, 2024 | 12:30 pm
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General Motors has sold its stake in the Ultium Cells LLC EV battery plant in Michigan to LG Energy Solution. This move indicates a strategic shift in GM's involvement in EV battery production.
The sale of GM's stake in the Ultium Cells LLC plant suggests a change in strategy regarding its EV battery production. However, the impact on GM's stock price is uncertain as the company may have other plans for EV battery sourcing or production.
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