Gm and posco chemical will build a new north america factory to process cathode active material for ultium batteries

Detroit, dec. 1, 2021 /prnewswire/ -- general motors (nyse: gm) and posco chemical today announced plans to form a joint venture through which the parties will construct a factory in north america to process critical battery materials for gm's ultium electric vehicle platform. the joint venture will process cathode active material (cam), a key battery material that represents about 40 percent of the cost of a battery cell.
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