WARREN, Mich. (AP) — General Motors and Korea’s LG Chem have formed a joint venture to build an electric vehicle battery cell factory near Lordstown, east of Cleveland.
The companies also will work together on battery technology to bring down the cost.
The new plant will create more than 1,100 jobs in the area around Lordstown, where GM closed an assembly plant earlier.
The joint venture plans to invest $2.3 billion in the operations.
They’ll break ground on the new plant sometime next year. The exact location wasn’t disclosed.
The companies made the announcement at GM’s technical center in Warren, Michigan, which is north of Detroit.