GM sells stake in EV battery plant to partner LG Energy Solutions

General Motors is selling its stake in an electric vehicle battery facility to its partner LG Energy Solutions, the automaker announced Monday.

The nearly completed factory in Lansing, Michigan, was being developed by Ultium Cells LLC, a joint venture between GM and South Korea’s LG. Following the non-binding agreement, LG will become the sole owner and complete the plant. The company will then sell the batteries to other customers. GM said...