POSCO Chemical plans to invest in $633m battery materials plant with GM
GM Ultium battery. Credit: General Motors
South Korea’s POSCO Chemical Co Ltd said on Friday it plans to invest in a $633 million battery cathode materials plant in Canada with US automaker General Motors Co (GM).
The South Korean materials maker said in a regulatory filing that it plans to invest $278 million through September 2024 on the joint venture plant with GM.
In December, the two companies announced their plans to form a joint venture in North America.
($1 = 1,254.9900 won)
(By Heekyong Yang and Jihoon Lee; Editing by Christopher Cushing)
More News
GRAPH: Cobalt price plunge and the EV market
February 11, 2025 | 04:03 pm
China funnelled $57 billion to control critical mineral supply chain
February 05, 2025 | 11:00 am
{{ commodity.name }}
{{ post.title }}
{{ post.date }}
Comments