GM and POSCO to build $400 million EV battery materials facility in Canada
2022-03-08 14:03:48 [Print]
U.S. automaker General Motors and South Korea's POSCO Chemical announced on March 7 that they are working with the governments of Canada and Quebec to build a new EV battery materials facility in Becancour, Quebec, estimated at $400 million.
According to a press release, the new facility will produce cathode active material (CAM) for GM's Ultium batteries, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ.
Construction on the new facility will begin immediately and will create approximately 200 jobs.
According to a press release, the new facility will produce cathode active material (CAM) for GM's Ultium batteries, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ.
Construction on the new facility will begin immediately and will create approximately 200 jobs.
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