GM battery materials investment in Quebec to top $1 billion

GM Posco.jpg — GM-POSCO's Ultium CAM, a joint venture established last year, will support production of about 360,000 Chevrolet, Cadillac, GMC, Buick and BrightDrop vehicles annually between 2025-2030 in North America. (GENERAL MOTORS)

By:

Reuters

June 02, 2023 02:18 PM

General Motors and South Korea's Posco Future M said they will invest more to expand the production capacity at their chemical battery materials facility in Canada, taking their estimated total investment in the plant to over US$1 billion.

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