General Motors (GM) and POSCO expand Ultium CAM joint venture in North America with $1B investment

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Go back to General Motors (GM) and POSCO expand Ultium CAM joint venture in North America with $1B investment

GM and POSCO Future M to Expand EV Battery Supply Chain in North America with New Integrated CAM and Precursor Processing Complex

June 2, 2023 7:00 AM EDT

Complex planned to produce Cathode Active Material (CAM) and Precursor CAM (pCAM) for 360,000 EVs annually

New investment expanding the Ultium CAM joint venture, projected to exceed $1 billion, which includes an additional CAM and a precursor facility for local on-site processing of critical mineralsGM's partnerships, investments and strategic supply agreements across the EV supply chain are helping to create thousands of jobs in Canada, the United States and... More