Brief: GM And Posco Future M To Expand Ev Battery Supply Chain In North America With New Integrated Cam And Precursor Processing Complex

Posco Future M

02/06/2023 12:00

June 2 (Reuters) - General Motors Co  GM.N :
    * GM AND POSCO FUTURE M TO EXPAND EV BATTERY SUPPLY CHAIN IN
NORTH
AMERICA WITH NEW INTEGRATED CAM AND PRECURSOR PROCESSING COMPLEX
    * GM - NEW INVESTMENT EXPANDING ULTIUM CATHODE ACTIVE
MATERIAL JV
PROJECTED TO EXCEED $1 BILLION
    * GM - ULTIUM CAM JV TO SUPPORT PRODUCTION OF ABOUT 360,000
CHEVROLET, CADILLAC, GMC, BUICK, BRIGHTDROP VEHICLES ANNUALLY IN
2025-2030 IN NORTH AMERICA
    * GM - NEW INVESTMENT INCLUDES ADDITIONAL CAM, PRECURSOR
FACILITY
FOR LOCAL ON-SITE PROCESSING OF CRITICAL MINERALS
    * GM - EXECUTING PLANS TO INSTALL 1 MILLION UNITS OF ANNUAL
EV
CAPACITY IN NORTH AMERICA IN 2025
    * GM -  PLANS FOR 1 MILLION UNITS OF ANNUAL EV CAPACITY
SUPPORTED
BY 4 U.S. BATTERY CELL JV PLANTS WITH 160 GWH OF CAPACITY & GROW
FROM THERE

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