LG Energy Solution, Ltd. (KOSE:A373220) has reached a non-binding agreement to acquire remaining 50% stake in Battery Cell Plant located in Lansing, Michigan of Ultium Cells LLC from General Motors Company (NYSE:GM) for approximately $2.08 billion on December 2, 2024. The transaction does not change GM?s ownership interest in Ultium Cells LLC. The transaction is expected to close in the 2025 first quarter, subject to customary closing conditions. As of April 1, 2025, the transaction is expected close on May 31, 2025.