GM, LC Chem announce $2.3 billion EV battery venture in Ohio

SEOUL/WASHINGTON (Reuters) - General Motors Co .and South Korea's LG Chem said on Thursday they will invest $2.3 billion (£1.79 billion) to set up an electric vehicle battery cell joint venture plant in Ohio, creating one of the world's largest battery facilities.The plant, which will be built on a new location near the site of GM's closed assembly plant in Lordstown in northeast Ohio, will employ more than 1,100 people, the companies said. Construction is set to begin in mid-2020 and the..