Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
Late last year, General Motors (“GM”) made an announcement that would propel it into the relatively young EV industry. Through a new, equally owned joint venture company called Ultium Cells LLC, GM and LG Chem planned to build a battery gigafactory in Ohio with an annual capacity of 30 GWh; the two firms were investing up to a total of $2.3 billion to build the factory. During the announcement, GM stated that the new gigafactory would create more than 1,100 new employment opportunities. Close to a year later, the automaker is making good on that statement and has started hiring.
GM has made considerable progress constructing the factory: it broke ground in May and, in July, started deploying the first steel structures. On Nov. 5, the firm announced that it had started hiring staff to work at the battery factory. Ultium Cells LLC, the joint venture, is seeking individuals to help establish and launch the manufacturing of battery cells. Qualified and interested parties can apply&
About Green Car Stocks
Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.
To receive SMS text alerts from Green Car Stocks, text “Green” to 21000 (U.S. Mobile Phones Only)
For more information, please visit https://www.GreenCarStocks.com
Green Car Stocks is part of the InvestorBrandNetwork.