Posts tagged joint venture

    GM and LG Energy Solution Give Up on Fourth Joint Battery Plant in the U.S.

    January 23, 2023 // GM already has one Ultium plant working in Lordstown, Ohio, and is building two others with LGES: one in Michigan and the other in Tennessee. When the United Auto Workers (UAW) decided to organize the Lordstown plant, the automaker was willing to accept a “card check” process, which would only depend on more than half of the workers wanting to unionize. LGES has one more person on Ultium’s board and refused to follow this faster process. That forced an election process that UAW won anyway. In other words, Ultium only wasted time with something the South Korean supplier may have believed it could avoid.