General Motors – POSCO Chemical JV to set up USD400 million CAM plant in Quebec, Canada

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The planned facility will produce cathode active material (CAM) for GM’s Ultium batteries

General Motors and its joint venture partner POSCO Chemical announced on 7 March 2022 that the two companies plan to invest an estimated USD400 million (CAD500 million) in setting up a new facility to produce cathode active material (CAM) in Quebec, Canada.

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