FILE - A GM logo is shown at the General Motors Detroit-Hamtramck Assembly plant in Hamtramck, Mich., Jan. 27, 2020. General Motors is forming a joint venture with Posco Chemical of South Korea to build a North American battery materials plant as it brings more steps in the electric vehicle supply chain under its umbrella. The Detroit automaker said Wednesday, Dec. 1, 2021 that details of the venture are still being worked out, including investment amounts and the plant location. (AP Photo/Paul Sancya, file)
DETROIT (AP) — General Motors is forming a joint venture with Posco Chemical of South Korea to build a North American battery materials plant as it brings more steps in the electric vehicle supply chain under its umbrella.
The Detroit automaker said Wednesday that details of the venture are still being worked out, including investment amounts and the plant location. GM said the factory will supply materials to make cathodes, the energy center of a battery that amounts to 40% of the cost.
The plant will employ hundreds of people and will start making materials in 2024, said Doug Parks, GM's global product development and supply chain head.
The plant will supply four North American battery cell factories that GM plans to build. Two of those locations have been announced, Spring Hill, Tennessee, and Lordstown, Ohio.
“Scaling battery production is central to our strategy to drive mass adoption of EVs,” Parks told reporters Wednesday. “I think this helps to solidify the...
Read Full Story: https://spectrumlocalnews.com/nc/charlotte/ap-online/2021/12/01/gm-venture-to-build-north-american-battery-chemical-plant
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
