POSCO Chemical plans to invest in $633m battery materials plant with GM

Date:

May 27, 2022

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GM ultium battery – GM

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.

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POSCO Chemical plans to invest in $633m battery materials plant with GM

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