Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

UNCOVERED: Gm posco chemical plan new jv plant in quebec to expand ev supply chain - Caught on Camera

GM Quebec Cadillac Canada Chevrolet General Motors Co GMC NYSE
  • General Motors Co (NYSE:GM) and POSCO Chemical are working with the governments of Canada and Quebec to build a new facility in Bécancour, Quebec, estimated at $400 million (C$500 million).
  • The new facility will produce cathode active material (CAM) for GM's Ultium batteries to power electric vehicles like Chevrolet Silverado EV, GMC HUMMER EV, and Cadillac LYRIQ.
  • The Quebec site will process CAM, a key battery material consisting of components like processed nickel, lithium, and other materials representing about 40% of the cost of a battery cell. 
  • Construction on the new facility will begin immediately and create about 200 jobs.
  • Price Action: GM shares are trading lower by 4.36% at $40.55 on the last check Monday.
Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Alanis Morissette Says Experiencing Sexuality Fluidity Is a 'Self-Defining Thing' Rather Than a Phase
Alanis Morissette has publicly identified as pansexual on the Handsome podcast, revisiting earlier comments about her experiences with women and her longstanding LGBTQ+ connections.
International Business Times UK
International Business Times UK
Amy Schumer likens moms in animated movies to ‘porn stars and the same age as their kids’
Comedian has brought up issues with animated movies before
The Independent UK
The Independent UK
Cannabis Appeared in Records of 84% of Teens Needing Emergency Care for Substance Use in WashU Data
A WashU study of more than 5 million encounters found cannabis listed in 84% of substance-related emergency visits involving teens, while researchers stressed the figure does not establish causation.
Medical Daily
Medical Daily
Can You Grow a New Pineapple From the Top of One You Bought at Walmart?
The next time you cut the leafy top off a pineapple, don’t automatically throw it in the trash. That spiky crown may be capable of becoming an entirely new pineapple plant.
Frugal Gardening
Frugal Gardening
A language of belonging: Advice for learning the mother tongue of your ancestors
Learning the native language of ancestors is a meaningful way for descendants of immigrants to connect with their heritage
The Independent UK
The Independent UK
In-N-Out owner vows iconic burger chain 'will always be' in California and says leaving the state would be the 'dumbest business decision ever'
"This is where we started. It's where we are now, and it's where we will always be," Lynsi Snyder, president and owner of In-N-Out, said.
Fortune
Fortune
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play