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The
companies are close to completing a decision to locate the plant
in Tennessee, the report said.
GM did not immediately respond to a Reuters request for comment.
LG Chem's battery unit, LG Energy Solution, said in a statement
that it was in talks to make further investments with GM, but
could not disclose the specifics.
"LG Energy Solution is also planning additional capacity
expansion for other global OEMs (original equipment
manufacturers) located in the U.S.," it said.
GM and LG Chem have invested $2.3 billion to build an electric
vehicle battery-cell joint-venture plant in Ohio, creating one
of the world's largest battery facilities.
The plant, to be built near GM's closed assembly plant in
Lordstown, will accelerate the automaker’s plan to introduce 30
new electric vehicles (EVs) globally by 2025.
GM Chief Executive Officer Mary Barra has said the company wants
to exceed its prior target of annual sales of 1 million EVs in
the United States and China by 2025.
Most battery manufacturing is currently concentrated in Asia and
Europe, while Tesla Inc largely controls most of U.S. battery
production.
(Reporting by Rachit Vats in Bengaluru and Heekyong Yang in
Seoul; Editing by Aditya Soni)
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