{"id":73202,"date":"2024-12-03T18:18:34","date_gmt":"2024-12-03T18:18:34","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/general-motors-to-sell-stake-in-battery-cell-plant-to-lg"},"modified":"2024-12-03T18:59:46","modified_gmt":"2024-12-03T18:59:46","slug":"general-motors-to-sell-stake-in-battery-cell-plant-to-lg","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/general-motors-to-sell-stake-in-battery-cell-plant-to-lg","title":{"rendered":"General Motors to sell stake in battery cell plant to LG"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>General Motors (GM) on Monday announced plans to sell its stake in the nearly finished Ultium Cells battery plant in Lansing, Michigan, to its partner LG Energy Solution.<\/p>\n<p>The agreement is still non-binding and is expected to close in the first quarter of 2025, pending standard approvals, the Detroit carmaker said in a statement.<\/p>\n<p>GM said that the sale would allow it to recover its investment in the facility.<\/p>\n<p>The move will not affect GM&#8217;s ownership interest in Ultium Cells LLC and it will continue to leverage other plants in Warren, Ohio, and Spring Hill, Tennessee, to meet growing demand for its electric vehicles, it said.<\/p>\n<p>LG Energy Solution will immediately take control of the Lansing plant and begin installing equipment.<\/p>\n<p>The plant, which currently employs around 100 people, remains on track to meet its hiring goals.<\/p>\n<p>Paul Jacobson, GM&#8217;s executive vice president, said: &#8220;We believe we have the right cell and manufacturing capabilities in place to grow with the EV market in a capital-efficient manner.<\/p>\n<p>\u201cWhen completed, this transaction will also help LG Energy Solution meet demand by leveraging capacity that&#8217;s nearly ready to come online and it will make GM even more efficient.&#8221;<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Mozambique<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. General Motors (GM) on Monday announced plans to sell its stake in the nearly finished Ultium Cells battery plant in Lansing, Michigan, to its partner LG Energy Solution. The agreement is still non-binding and is expected to close in the first quarter of 2025, pending standard approvals, the Detroit carmaker said in [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":73201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[5590,6318,283],"class_list":["post-73202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-battery","tag-general-motors","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>General Motors to sell stake in battery cell plant to LG - Mozambique<\/title>\n<meta name=\"description\" content=\"General Motors (GM) on Monday announced plans to sell its stake in the nearly finished Ultium Cells battery plant in Lan ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/general-motors-to-sell-stake-in-battery-cell-plant-to-lg\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General Motors to sell stake in battery cell plant to LG\" \/>\n<meta property=\"og:description\" content=\"General Motors (GM) on Monday announced plans to sell its stake in the nearly finished Ultium Cells battery plant in Lan ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/general-motors-to-sell-stake-in-battery-cell-plant-to-lg\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-03T18:18:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-03T18:59:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/12\/sm_1733239518.342569.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/general-motors-to-sell-stake-in-battery-cell-plant-to-lg#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/general-motors-to-sell-stake-in-battery-cell-plant-to-lg\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"General Motors to sell stake in battery cell plant to LG\",\"datePublished\":\"2024-12-03T18:18:34+00:00\",\"dateModified\":\"2024-12-03T18:59:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/general-motors-to-sell-stake-in-battery-cell-plant-to-lg\"},\"wordCount\":219,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/general-motors-to-sell-stake-in-battery-cell-plant-to-lg#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/12\/sm_1733239518.342569.jpg\",\"keywords\":[\"battery\",\"General Motors\",\"Mozambique\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/general-motors-to-sell-stake-in-battery-cell-plant-to-lg#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/general-motors-to-sell-stake-in-battery-cell-plant-to-lg\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/general-motors-to-sell-stake-in-battery-cell-plant-to-lg\",\"name\":\"General Motors to sell stake in battery cell plant to LG - 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