General Motors partners with POSCO to build NA battery materials plant
The move comes as GM is ramping up electric vehicle production and vowing to shift more of its supply chain to North America
Topics
General Motors | Posco
Reuters
Last Updated at December 1, 2021 21:55 IST
General Motors Co said Wednesday it plans to form a joint venture with South Korea’s POSCO to build a battery cathode materials plant in North America by 2024.
The move comes as GM is ramping up electric vehicle production and vowing to shift more of its supply chain to North America.
GM did not disclose the planned investment or size of the facility but said it could announce a location in early 2022. GM has said it plans to end the sale of light duty internal combustion vehicles by 2035.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Wed, December 01 2021. 21:51 IST
