Exclusive: GM, LG Chem to announce EV battery joint venture in Ohio - sources
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SEOUL/WASHINGTON (Reuters) - General Motors and South Korea's LG Chem are set to announce on Thursday a 50:50 joint venture in Ohio to make electric vehicle batteries, sources familiar with the matter told Reuters. The facility in Lordstown will see investment of more than $2 billion, with GM and LG Chem expected to invest more than $1 billion each, one of the sources said. The venture is likely to be signed on Thursday, the sources said.A GM spokeswoman declined to comment on a venture with LG..