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GM offloads one of its battery factories to joint venture partner LGES | TechCrunch

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Summary
Nutrition label

81% Informative

General Motors is selling its stake in the nearly completed Ultium Cells battery cell plant in Michigan to LG Energy Solution .

GM and LGES initially teamed up in 2019 to form a joint venture to mass produce battery cells for electric vehicles.

The move comes amid weakening electric vehicle demand and the potential rollback of Biden administration incentives to produce clean energy domestically.

VR Score

85

Informative language

85

Neutral language

71

Article tone

formal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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