LG and Battery Joint Venture GM Wins Van Fleet Award "Contribution to Korea-US Economic Cooperation"

[Asia Economy Reporter Yu Je-hoon] General Motors (GM) announced on the 20th that it received the Van Fleet Award from the Korea Society, a U.S. nonprofit organization, on the 19th (local time). The Van Fleet Award was established to honor James Van Fleet, commander of the U.S. 8th Army who participated in the Korean War, and is given annually to individuals who have contributed to enhancing cooperation between Korea and the United States.

GM's award this time recognizes its contribution to the Korea-U.S. economy by jointly investing $4 billion (approximately 4.7 trillion KRW) in U.S. factories through the electric vehicle battery joint venture with LG, Ultium Cells, preparing for mass production of electric vehicle batteries, and plans to attract additional facilities.

Mary Barra, GM Chairperson and CEO, said in a video message, "GM has maintained a productive relationship with Korea, including LG, for a long time, and the partnership with LG will play a crucial role in GM's electrification transition and carbon emission zero vision," adding, "The Korea-U.S. Free Trade Agreement (FTA) is a driving force that enables both countries to create jobs, promote economic growth, and expand consumer choices."

She continued, "GM operates a large-scale business in Korea with about 12,000 employees, approximately 190 dealerships, and about 430 service centers," emphasizing, "Korea is not only skilled in manufacturing technology but also a center of innovation, where talented individuals are active at world-class design and engineering centers within Korea."

This content was produced with the assistance of AI translation services.