Brief: GM Expands Its North America-Focused EV Supply Chain With POSCO Chemical In Canada

Posco Future M

07/03/2022 15:06

March 7 (Reuters) - General Motors  GM.N :
    * GM EXPANDS ITS NORTH AMERICA-FOCUSED EV SUPPLY CHAIN WITH
POSCO
CHEMICAL IN CANADA
    * GM - NEW QUEBEC FACILITY WILL PRODUCE CATHODE ACTIVE
MATERIAL
FOR GM’S ULTIUM BATTERIES
    * GM - CO, POSCO CHEMICAL TO BUILD A NEW FACILITY IN QUEBEC,
ESTIMATED AT $400 MILLION
    * GM - BY THE END OF 2025, PLANS TO HAVE CAPACITY TO BUILD 1
MILLION ELECTRIC VEHICLES IN NORTH AMERICA
    * GM - CONSTRUCTION ON THE NEW QUEBEC FACILITY WILL BEGIN
IMMEDIATELY AND WILL CREATE ABOUT 200 JOBS

Further company coverage:  GM.N 

 ((Reuters.Briefs@thomsonreuters.com;))