Toyota Orders $1.5B In Batteries From Former GM Ultium Plant In Michigan
Toyota to the rescue! This gigantic Japanese automaker is shifting a $1.5 billion battery order it had placed with LG Energy Solution from one facility to another manufacturing plant in Michigan after GM pulled out of a deal it had made with the battery supplier.
LG To Manufacture Batteries For Toyota At Former Ultium Lansing Plant
LG Energy Solution is teaming up with Toyota to use the former Ultium Lansing battery plant to build high-nickel NCMA battery modules for future Toyota EVs.
GM abandons Michigan battery factory–and 1,700 jobs–Toyota saves Ultium with $1.5B investment
General 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.
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,
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 reportedly placed a $1.5 billion order to boost operations at the facility after GM backed out. GM reached a non-binding agreement with LG in December to sell its stake in their planned EV battery plant in Lansing, Michigan.
Toyota could become main customer for LGES battery factory in Michigan
Now that General Motors has sold its stake in the almost completed battery cell factory in Lansing to its joint venture partner LG Energy Solution, there is a
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.
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