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LG Chem inks cathode material supply deal with General Motors worth $18.8 billion

Electric Cars Report

billion) deal with General Motors to supply cathode materials over the next ten years. LG Chem aims to bolster cooperation with GM in the North American market by utilizing its cathode plant in Tennessee, U.S. as a production hub for the global battery material market. LG Chem has secured KRW 25 trillion ($18.8

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GM and Element 25 to expand US EV supply chain with domestic manganese sulfate production

Green Car Congress

General Motors and Australia-based Element 25 Limited announced an agreement for Element 25 to supply up to 32,500 metric tons of manganese sulfate (MnSO 4 ) annually to support the annual production of more than 1 million GM EVs in North America. GM continues to strengthen its domestic supply base for EV production.

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POSCO Chemical, GM in large-scale CAM supply agreement to support EV growth

Green Car Congress

POSCO Chemical and General Motors Co. recently announced a binding agreement for a large-scale supply of Cathode Active Material (CAM) to help GM meet its fast-growing EV production needs. This includes lithium, nickel, cobalt and full CAM supply.

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GM signs major Li-ion supply chain agreements: CAM with LG Chem and lithium hydroxide with Livent

Green Car Congress

General Motors announced two major Li-ion battery supply chain agreements, one with LG Chem for cathode active material (CAM), and one with Livent for the supply of battery-grade lithium hydroxide. —Jeff Morrison, GM vice president, Global Purchasing and Supply Chain.

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General Motors secures enough cathode active material for 5 million EVs

Teslarati

This would reportedly be enough for about 5 million units of electric vehicle production. LG Chem will be supplying GM with cathode active material starting from the second half of 2022 through 2030. GM and LG Chem will also be exploring the localization of a dedicated CAM production plant in North America by the end of 2025.

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GM EV production targets deemed unlikely thanks to supply chain woes

Teslarati

According to a new analysis of General Motors’ (GM) EV production, its goal for 2025 may be overly-optimistic. However, with a bold plan to introduce numerous new electric models and ramp production to 1 million units annually by 2025, many saw a silver lining to GM’s predicament.

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General Motors increases EV investment by 75% through 2025

Teslarati

General Motors has increased its electric vehicle investment by 75%, from $20 billion to $35 billion through 2025, the company announced on Wednesday. Among the obvious point of expanding its product line in general, GM outlined several other finer points of its expanded investment in a press release. Commercializing U.S.-made