LORDSTOWN — General Motors intends to develop electric vehicle batteries right next door to Lordstown Motors Corp. headquarters.
The proposed $2.3-billion investment, a joint venture between GM and LG Chem of South Korea, is bound for a 158-acre property near Tod Avenue, between Salt Springs and Hallock Young roads, according to a Tuesday afternoon release from the automaker.
“This move gets us a step closer to making the state-of-the-art plant a reality and positioning the Mahoning Valley as a major force in technology and electric vehicle manufacturing,” GM spokesman Dan Flores is quoted in the release.
“GM is committed to engaging with the community as we develop this project in a responsible and sustainable manner.”
The facility is projected to create 1,100 new jobs, according to GM.
Check back here for more information. A fact sheet from the automaker provides more details on the project: