GM, LG Restart Ohio Battery Plant Next Week After 7-Month Shutdown
Updated
Updated · The Drive · Aug 13
GM, LG Restart Ohio Battery Plant Next Week After 7-Month Shutdown
3 articles · Updated · The Drive · Aug 13
Summary
Production at GM and LG’s Ohio battery plant is expected to resume next week, ending a seven-month shutdown.
The halt was driven by weak demand, underscoring the pressure on the North American EV market even as global electrified-vehicle sales keep rising.
Benchmark Mineral Intelligence said global EV and plug-in hybrid sales rose 9% in July from a year earlier, while North American EV sales fell 27% after federal incentives ended.
That softer demand has also started to reshape pricing: the average price of a new U.S. EV rose 1.2% in July from June and 1.6% year over year as automakers cut incentives.