GM, LG Chem land $13.8M in tax credits for lithium-ion battery plant in Lordstown
September 29, 2020 at 15:24 PM EDT
In exchange for the 15-year tax credits, the joint venture, Ultium Cells LLC, must create $45 million in annual payroll, beginning in 2027, and stay in the village of Lordstown for at least 18 years.