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Stock impact report

Tesla, LG Energy Solutions partner to launch battery cell manufacturing plant in Lansing [CBS News]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: CBS News
Production at the LG Energy Solution facility is expected to begin in 2027 as part of a partnership between the South Korea-based battery company and Tesla. According to the U.S. Department of the Interior, the battery cells "will power Tesla's Megapack 3 energy storage systems produced in Houston, creating a robust domestic battery supply chain." In 2022, the project was announced as Ultium Cells, a partnership between General Motors and LG, but GM sold its stake in the partnership in 2024. "There are over 2,000 construction workers making great wages, building that plant for the last two and a half years and of course, we'll have 1,500 to 1,700 permanent jobs," said Bob Trezise, the president and CEO of the Lansing Economic Area Partnership. Trezise said major job creators like manufacturing plants have a real ripple effect on the local economy, too. "How about the ancillary benefit that goes on for years and decades-- landscaping companies, pest control, your garbage picku Show less Read more
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