General Motors will not own a stake in the Ultium Cells battery plant in Lansing after all. On Monday, GM said it will sell back its investment in the plant, which has not yet opened, to its Ultium Cells joint venture partner LG Energy Solution.

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,

GM announced plans to sell its stake in the nearly completed Lansing, Michigan, EV battery plant to joint venture