General Motors is selling its stake in the nearly completed Ultium Cells battery cell plant in Lansing, Michigan, to its joint venture partner LG Energy

General Motors is selling its stake in an electric vehicle battery facility to its partner LG Energy Solutions, the automaker announced Monday. The nearly completed factory in Lansing, Michigan, was being developed by Ultium Cells LLC,

In separate announcements, GM said it planned to sell its stake in a Michigan joint-venture battery factory to LG, while the companies also agreed to a continued technical partnership for development of prismatic cells.