financetom
Business
financetom
/
Business
/
Battery cell production at Ohio plant to restart for GM EVs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Battery cell production at Ohio plant to restart for GM EVs
Aug 12, 2026 2:08 PM

DETROIT, Aug 12 (Reuters) - A factory jointly owned by General Motors ( GM ) and LG Energy Solution in northeast Ohio is scheduled to restart production of battery cells next week after a seven-month shutdown. 

On Monday, a majority of laid-off workers will resume making batteries at the Ultium Cells joint-venture plant, Tom Gallagher, vice president of operations for Ultium, said in an interview.

In total, 1,400 will be working at the facility. 

The company ceased battery-cell production there in January because of a drop in consumer demand for electric vehicles. 

-- The other GM and LG JV plant, in Tennessee, now makes energy storage system batteries instead of EV batteries.

-- Earlier this week, battery manufacturer Samsung SDI purchased GM's stake in the joint venture the companies had formed to make EV battery cells at an under-construction Indiana plant.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
U.S. FDA approves ImmunityBio's bladder cancer therapy
U.S. FDA approves ImmunityBio's bladder cancer therapy
Apr 22, 2024
April 22 (Reuters) - The U.S. FDA approved ImmunityBio's ( IBRX ) combination therapy to treat a type of bladder cancer, the regulator said on Monday, which would help bring the company's first product to market. ...
ADM CFO to resign as company faces US government investigation
ADM CFO to resign as company faces US government investigation
Apr 22, 2024
(Reuters) - Grain trader Archer-Daniels-Midland ( ADM ) said on Monday that Chief Financial Officer Vikram Luthar will resign from his role effective Sept. 30. Luthar is the highest-level executive to leave the firm since it disclosed accounting issues within its Nutrition division that later triggered two government investigations and forced it to revise six years of financial data. ADM...
Clearwater Analytics Completes Acquisition of Risk and Performance Analytics Solutions From Wilshire
Clearwater Analytics Completes Acquisition of Risk and Performance Analytics Solutions From Wilshire
Apr 22, 2024
06:00 PM EDT, 04/22/2024 (MT Newswires) -- Clearwater Analytics ( CWAN ) said Monday it completed the acquisition of risk and performance analytics products from Wilshire Advisors. Wilshire Axiom, Wilshire Atlas, Wilshire Abacus and Wilshire iQComposite will be integrated with Clearwater's offerings. Clearwater previously said the assets will cost $40 million and add about $7 million in annualized revenue. ...
Copper output at Chile's Codelco set to rise this year, CESCO says
Copper output at Chile's Codelco set to rise this year, CESCO says
Apr 22, 2024
SANTIAGO (Reuters) - Chile's state-run copper miner Codelco is poised to improve production this year and begin to climb from its lowest dip in a quarter century, the head of Chilean copper studies center CESCO said ahead of a major industry conference that starts Monday. Codelco is aiming to produce between 1.325 million and 1.390 million metric tons of copper...
Copyright 2023-2026 - www.financetom.com All Rights Reserved