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GM offloads its stake in EV battery factory

What does GM’s decision to sell its battery plant stake reveal about EV demand?

Patrick Anderson the Principal and CEO of Anderson Economic Group explains market realities that are shifting the auto industry’s strategies.

TechCrunch on MSN · 1d

GM offloads its stake in EV battery factory to joint venture partner LGES

General Motors is selling its stake in the nearly completed Ultium Cells battery cell plant in Lansing, Michigan, to its joint venture partner LG Energy

General Motors Strikes Deal To Offload Battery Plant Stake To LG

General Motors (GM) announced Monday a shift in its electric vehicle (EV) strategy by agreeing to sell its share of

China, General Motors

Business Insider on MSN · 13h

General Motors is taking a $5 billion-plus hit on its operations in China

GM said it would write down the value of its joint venture with China's SAIC Motors by as much as $2.9 billion and incur restructuring charges.

InsideEVs Global on MSN · 11h

Why General Motors Just Took A $5 Billion Hit In China

GM has lost money in China for three consecutive quarters, with its sales in the country falling 18 percent in the first nine months of the year to 1.2 million vehicles. SAIC-GM, which builds Chevrolet, Buick and Cadillac vehicles, is one of two joint ventures for the automaker in China.

GM to take more than $5 billion in charges on China operations

General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.

6h

GM and EVgo now have over 2,000 EV charging stalls and counting

General Motors and EV charging company EVgo announced that they’ve installed their 2,000th public EV charging stall, in ...

Hosted on MSN10h

General Motors recalls over 132,000 trucks due to tailgate unlatching concerns

The recall impacts select 2024 Chevrolet Silverado HD 2500, 3500, and GMC Sierra HD 2500, 3500 models with power-unlatching ...

American Machinist21h

GM, LG Pursuing New EV Battery Format

The joint-venture partners are extending their electric-vehicle battery collaboration to include a space-efficient, ...

GM Authority11d

2026 Chevy Bolt EV Next GM Electric Vehicle To Debut

The next all-new GM EV set to hit the North American market will be the 2026 Chevy Bolt EV, ushering in a fresh generation ...

2hon MSN

The Honda Prologue Is On A Roll After Becoming GM’s Best-Selling EV In Q3

The electric Prologue set a new monthly sales record in November, delivering 6,823 units and bringing its total for the year ...

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