LG Energy Solution JV with GM sells $2 billion in assets to US subsidiary

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

LG Energy Solution JV with GM sells $2 billion in assets to US subsidiary

, Reuters - 2:43 AM ET 4/1/2025 default

SEOUL, April 1 (Reuters) - LG Energy Solution said on Tuesday that its joint venture with General Motors ( GM ) would sell $2 billion worth of assets to its U.S. unit.

The South Korean EV battery maker said in a regulatory filing that the assets were a factory and the land of the joint venture's battery making plant in Michigan. (Reporting by Ju-min Park; Editing by Christian Schmollinger)

(c) Reuters 2025. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.