General Motors to Offload Stakes in Battery Plant at Michigan

General Motors Company (GM) plans to sell its stake in a joint venture battery plant in Lansing, MI, to its partner, LG Energy Solution, as part of efforts to scale back its electric vehicle (EV) strategy. The sale, expected to close by the end of March, will allow GM to recover its $1-billion investment in the facility.The deal does not affect GM's ownership stake in the Ultium Cells joint venture, which operates battery plants in Ohio and Tennessee. The Lansing plant, nearing completion, will serve a new, ...