Toyota Aids LG Battery Plant With $1.5 Billion Order
GM Said in December It Would Sell Its $1 Billion Stake in Michigan Plant
The Ultium Cells plant in Lansing, Mich. (Ultium)
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Toyota Motor Corp. has agreed to shift a $1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after General Motors Co. backed out of the project, according to people familiar with the matter.
GM said in December it would sell its $1 billion stake in the Lansing, Mich., plant, leaving LG scrambling to find new customers. Toyota agreed to tr…
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