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Toyota to transfer LG Energy battery order to Michigan plant

Summary by Channel News Asia
Toyota Motor has agreed to transfer its order for LG Energy Solution vehicle batteries to a Michigan plant that General Motors is exiting, the Japanese automaker confirmed Tuesday.GM in December said it would sell its stake in the plant, which would have been the third Ultium Cells joint-venture battery

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ElectrekElectrek

Toyota steps in to support Michigan EV battery plant with $1.5B order after GM backs out

In a turn of events, Toyota is stepping in to support LG Energy Solution’s EV battery plant in Michigan. Toyota...

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Channel News AsiaChannel News Asia

Toyota to transfer LG Energy battery order to Michigan plant

Toyota Motor has agreed to transfer its order for LG Energy Solution vehicle batteries to a Michigan plant that General Motors is exiting, the Japanese automaker confirmed Tuesday.GM in December said it would sell its stake in the plant, which would have been the third Ultium Cells joint-venture battery

·Singapore
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BloombergBloomberg
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Financial PostFinancial Post

Toyota Is Supporting LG Battery Plant With $1.5 Billion Order

Toyota Motor Corp. has agreed to shift a $1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after General Motors Co. backed out of the project, according to people familiar with the matter.

·United States
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arcamax.comarcamax.com

Toyota is backing LG battery plant with $1.5 billion order

Toyota Motor Corp. has agreed to shift a $1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after General Motors Co. backed out of the project, according to people familiar with the matter. GM said in ...

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Green Car ReportsGreen Car Reports

Toyota steps in, spends $1.5B for Michigan battery factory with LG

Toyota plans to shift a $1.5 billion order to an LG Energy Solution battery factory in Michigan to help keep it afloat after General Motors backed out of the project, Automotive News reported Wednesday. Located in the state capital of Lansing, the plant started out as a joint venture between GM and LG. But in December GM said it was selling its...

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MotorBiscuitMotorBiscuit

GM abandons Michigan battery factory--and 1,700 jobs--Toyota saves Ultium with $1.5B investment

Toyota Logo | Peter Dazeley/Getty ImagesGeneral Motors sure pulled a fast one on Michigan. In 2022, when EVs were riding high and Biden was in office, GM and LG Energy Solution announced a $2.6 billion Ultium cells battery factory in Lansing. GM soaked up the good press, bragging about “strengthening our Michigan and U.S. manufacturing presence” and promising 1,700 new jobs. Mary Barra, GM’s CEO, made it sound like a done deal. “This significant…

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arcamax.com broke the news in on Tuesday, February 18, 2025.
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