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GM expands North America-focused EV supply chain with Posco Chemical in Canada
- March 10, 2022
- News Release
- Management
General Motors Co. and Posco Chemical are working with the governments of Canada and Quebec to build a new facility in Bécancour, Que., estimated at $400 million. The new facility will produce cathode active material (CAM) for GM’s Ultium batteries, which will power electric vehicles such as the Chevrolet Silverado EV, GMC Hummer EV, and Cadillac Lyriq.
Construction on the new facility, which the joint venture will operate, will begin immediately and will create approximately 200 jobs.
By the end of 2025, GM plans to have capacity to build 1 million EVs, and the company targets the majority of components by value to be sustainably sourced, processed, or manufactured in North America.
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