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GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion

By CNBC   |   1 year ago
GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion

General Motors plans to sell its share in a $2.6 billion EV battery plant in Michigan to LG Energy Solution. The sale is expected to recoup GM's $1 billion investment and is set to close in the first quarter of next year.

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