Originally agreed upon Jan. 25, 2022, the agreement meant GM and LG would be reimbursed on the conditions of investing $1.5 billion creating at least 1,360 jobs in the Lansing facility. To convert ...

GM's target to produce and wholesale 200,000 EVs in 2024 in North America fell short, with the actual figure reaching 189,000 units wholesale.

South Korea's LG Energy Solution said on Tuesday that its U.S. unit will acquire the assets held by its Michigan electric vehicle battery venture with General Motors for $2 billion.