Gm and posco future m to expand ev battery supply chain in north america with new integrated cam and precursor processing complex
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 minerals gm'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 free trade agreement countries detroit , june 2, 2023 /prnewswire/ -- general motors co. (nyse: gm) and posco future m announced today the second phase of their ultium cam joint venture, an investment projected to exceed $1 billion (u.s.) to increase production capacity of cam in north america and integrate precursor materials production. pcam is a specifically engineered combination of processed raw materials necessary to produce cam, a key battery material representing about 40% of the cost of a battery cell.
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