The increased production capacity will support the manufacturing of approximately 360,000 Chevrolet, Cadillac, GMC, Buick, and BrightDrop vehicles annually in the 2025-2030 timeframe in North America. The collaboration between GM and POSCO Future M will have several positive implications for the automotive industry and the transition to sustainable transportation. GM's partnerships, investments, and strategic supply agreements in the EV sector have been instrumental in creating numerous job opportunities across North America, including Canada, the United States, and free trade agreement countries. Collaboration Supports GM's EV Push & Job Creation These investments will foster higher levels of vertical integration, ensuring greater control and efficiency throughout the battery supply chain, from cell production to raw material recovery. The joint venture will expand the capacity of the Ultium CAM plant and establish a precursor facility for the on-site processing of critical minerals. The increased investment in Ultium cathode active material (CAM) joint venture signifies a crucial step toward building a more secure and sustainable supply chain to meet GM's growing EV production needs. This expansion will enable local on-site processing of critical minerals used in EV batteries, enhancing the sustainability and security of GM's EV supply chain. ![]() The companies' combined investment in the plant is expected to exceed $1 billion, with new facilities scheduled to start operating in 2025. The collaboration aims to support GM's ambitious goal of manufacturing 1 million electric vehicles (EVs) in North America by 2025. General Motors GM and POSCO Future M have announced a significant increase in their investment to expand the production capacity at their chemical battery materials facility in Canada.
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