GM signs $18.6 billion EV cathode supply deal with LG Chem

By:

Bloomberg

February 07, 2024 11:41 AM

LG Chem Ltd. agreed to provide 24.7 trillion won ($18.6 billion) of cathode materials to General Motors under a long-term supply deal the companies inked Wednesday.

Featured Stories

GM net income declines as tariffs spoil 2025 guidance

First-quarter net income slipped 6.6 percent to $2.8 billion, while revenue rose 2.3 percent to $44 billion.

By:

Lindsay VanHulle

GM net income declines as tariffs spoil 2025 guidance

Manufacturing

Trump to reduce impact of auto tariffs, U.S. Commerce secretary says

Valeo, American Axle tangle in $25M lawsuit after Stellantis cancels Ram electric heavy-duty truck

Kenworth, other electric truck makers, confront changing policy environment

Technology

By:

Jerry Hirsch

Kenworth, other electric truck makers, confront changing policy environment

Latest News

GM net income declines as tariffs spoil 2025 guidance

My Auto Group expands in west Michigan

Hyundai was OK to reject new dealership owner because he lacked U.S. experience, judge says

Live updates on tariffs: Trump could blunt impact of auto duties

Staying current is easy with newsletters delivered straight to your inbox.

See More in Suppliers

Forvia posts slightly lower Q3 sales, but wins new business from Chinese automakers

Longtime Ford supplier Dana explores sale of off-highway unit, report says

Daily 5 report for Oct. 18: Bosch and Rivian's court fight isn't the typical supplier vs. automaker dispute

Nemak's Q3's net income takes a tumble

Staying current is easy with newsletters delivered straight to your inbox.