LORDSTOWN — General Motors has a purchase agreement in place for 158 acres in Lordstown for a $2.3 billion battery-cell manufacturing plant the automaker wants to build in partnership with South Korea’s LG Chem.

The land is on Tod Avenue between Salt Springs and Hallock Young roads, just east of GM’s former assembly plant that it sold to electric truck startup Lordstown Motors Corp.

Finalization of the agreement is subject to ongoing diligence and includes securing building and other permits to start construction and operate the plant. GM has already submitted permit applications to the Ohio Environmental Protection Agency and U.S. Army Corps of Engineers.

“GM and LG Chem have identified a proposed site in Lordstown for its recently announced $2.3 billion battery cell plant that will create more than 1,100 new jobs,” GM spokesman Dan Flores said in a statement. “This move gets us a step closer to making the state-of-the art plant a reality and positioning the Mahoning Valley as a major force in technology and electric vehicle manufacturing.”