Tag Archives: POSCO Chemical

EV Batteries – GM and Glencore Deal on Cobalt

Posted on 12 April 2022 by Ken Zino

By the end of 2025, GM plans to have capacity to build 1 million electric vehicles in North America – a doubling from earlier estimates. GM has announced actions to create a new and more secure EV supply chain, including projects targeting key EV materials and components. Cobalt processed from Australia will be used in GM’s Ultium battery cathodes, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ. Continue reading →

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EV Battery Gold Rush – GM, POSCO Chemical JV Expansion

Posted on 7 March 2022 by Ken Zino

The new plant will produce cathode active material (CAM) for GM’s Ultium batteries, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ. AutoInformed readers might remember that the companies previously announced plans to form a CAM processing joint venture in December 2021, majority owned by POSCO Chemical. Continue reading →

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EV Gold Rush – GM, Posco to Build New Plant

Posted on 1 December 2021 by Ken Zino

“We are building a sustainable and resilient North America-focused supply chain for EVs covering the entire ecosystem from raw materials to battery cell manufacturing and recycling,” said Doug Parks, GM executive vice president, Global Product Development, Purchasing and Supply Chain. Analysts will not that Korean owned Posco’s operating income and net income have declined in 2019 and 2020. The GM deal – if it works – will be beneficial to the company, which also has close business ties with China. Continue reading →

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