LANSING – The Strategic Fund Board approved amendments to the MSF incentives authorized in January 2022 for the construction of an Ultium battery manufacturing facility in Lansing, originally a joint venture between GM and LG Energy Solution (LGES).
Through the sale of GM’s portion of the battery plant and 100% transfer of state incentives already secured for the facility, LGES will wholly own the facility – ensuring the project stays on track and high-tech jobs and battery manufacturing remain in Michigan.
In committing to the agreement under the original Ultium joint venture, LGES is maintaining at least 1,360 Michigan jobs committed to by the original Ultium joint venture, guaranteeing the future of the Lansing facility and supporting continued job growth in the state.
Reassigning incentives to LGES as the new owner of the Lansing facility will ensure it remains a catalyst for continued investment in the region and accelerates cell production. To date, project successes include:
- Construction of the facility is 98% complete
- Over $2 billion invested to date
- Building on the significant employment of Michigan’s construction and trade workforce over the past 18 months throughout its construction, LGES maintains a commitment to creating at least 1,360 good-paying, permanent jobs in the community
What They’re Saying:
“With its talented workforce and location in the heart of the U.S. auto industry, we see Michigan as a great bet to continue investing in,” said Bob Lee, Corporate Executive Vice President and Head of North America, LG Energy Solution. “We are playing a critical role in onshoring this strategic technology, and our investment in Lansing underscores our belief in the state, in which we established our first-ever North American battery-making plant in 2011.”
Said Bob Trezise, president and CEO of LEAP: “”This transition strengthens the Lansing region’s position as a leader in battery manufacturing, bringing increased investment, sustained jobs creation and a more diversified battery manufacturing ecosystem. LG Energy Solution is a global leader in developing and producing high-voltage batteries and related technology for electric vehicles, energy storage systems and mobility and IT applications.”
