General Motors knows this well, which is why the company is making moves to free up cash and streamline its operations. This week, GM announced it is selling its share in a battery factory in Lansing,

General Motors has reached an agreement to sell its stake in a nearly completed electric vehicle battery plant in Lansing, Michigan

General Motors Co. is selling its stake in an electric-vehicle battery plant in Lansing, Michigan, to South Korean partner LG Energy Solution, recouping about $1 billion in investment from a facility that will still supply energy cells to the automaker’s EVs.