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General Motors, POSCO Chemical announce JV to secure critical battery materials

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GM-POSCO Chemical JV will construct a factory in the US to process critical battery materials

General Motors and POSCO Chemical plan to form a joint venture (JV) with an aim of setting up a dedicated factory in the US to process critical battery materials for the carmaker’s Ultium electric vehicle platform, the company announced on 1 December 2021.

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