General Motors wants to build a new $2.3 billion battery factory in Lordstown, Ohio, adjacent to its former car assembly plant that it shuttered and sold in 2019, Kallanish Energy learns.
The automaker said it has a purchase agreement to buy a 158-acre vacant site in Trumbull County, Ohio, land GM once owned, but surrendered during its 2009 bankruptcy, the Detroit Free Press newspaper reported.
GM is also in discussions with Village of Lordstown leaders on incentives to build there and the automaker has filed permits with the Ohio Environmental Protection Agency and the U.S. Army Corps of Engineers to build on some 66 acres of wetlands located on the property, GM spokesman Dan Flores told the Free Press.
GM announced in December it would partner with LG Chem to build batteries for electric vehicles. GM would build that battery factory at this site. GM has said the new battery plant will create 1,100 jobs after it’s built and operational.
GM hopes to close the purchase in the first quarter and start construction in the spring, Flores said, the Free Press reported. Late last year, GM announced it sold the 6.2-million-square-foot Lordstown Assembly facility to Lordstown Motors Corp. after shuttering the plant last March.
This proposed site is near that Lordstown Motors property, but it is currently owned by NorthPoint Development, an industrial real estate development company in Riverside, Missouri, said Flores.
GM left the property behind with the “old” GM after the “new” GM emerged from bankruptcy about a decade ago. Flores said RACER Trust, which was created to sell or redevelop the old GM properties after bankruptcy, sold the land to NorthPoint in 2014. It’s sat vacant since.
GM has made a $40 million loan available to Lordstown Motors to help the start-up pay for the plant and start building electric trucks. GM had built the Chevrolet Cruze subcompact car at the former Lordstown facility and the company relocated most of the 1,600 workers there to other GM jobs in different states.
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