SEOUL, April 1 (Reuters) - South Korea's LG Energy

Solution said on Tuesday that its U.S. unit will

acquire the assets held by its Michigan electric vehicle battery

venture with General Motors ( GM ) for $2 billion.

The value of the deal, set to close on May 31, could change

after due diligence, the EV battery maker said in a filing.

GM has been scaling back its EV plans amid uncertainty about

the future of EV battery production and consumer tax credits

under the Trump administration and said in December it would

sell its stake in the plant.

LG and GM have two other U.S. battery plant joint ventures

operating in Ohio and Tennessee.

Toyota Motor ( TM ) has said it will transfer its order

for LG Energy Solution batteries to the Lansing, Michigan plant

that GM is exiting.