GM and POSCO Chemical will process cathode active material at new joint venture plant in Quebec
Following on from the companies’ announcement to form a cathode active material (CAM) joint venture in December 2021, the construction on the new $400 million (C$500 million) facility will begin immediately and will create approximately 200 jobs. The new facility will produce CAM for GM’s Ultium batteries and the OEM notes that the site’s construction will allow for future expansion opportunities for any potential future EV supply chain projects.
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