Remove All-Electric Remove Cost Of Remove Nickel Lithium
article thumbnail

GM and POSCO Chemical to process cathode active material at new $400M joint venture plant in Québec

Green Car Congress

General Motors and POSCO Chemical are working with the governments of Canada and Québec to build a new $400-million facility in Bécancour, Québec, to produce cathode active material (CAM) for GM’s Ultium batteries, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ. Earlier post.)

GM 243
article thumbnail

Government of Canada, Québec invest in GM-POSCO CAM plant in Québec

Green Car Congress

CAM are key battery materials that consist of components such as processed nickel, lithium and other materials that make up about 40% of the cost of a battery. The GM-POSCO joint venture, called Ultium CAM, will create around 200 jobs and strengthen Canada’s electric vehicle (EV) ecosystem and economy for years to come.

Canada 170
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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

Green Car Congress

GM now has contractual commitments secured with strategic partners for all battery raw material to support our goal of 1 million units of EV capacity by the end of 2025. CAM is a key battery material consisting of components such as processed nickel, lithium and other materials representing about 40% of the cost of a battery cell.

Li-ion 199
article thumbnail

DOE to issue $47M FY17 Vehicle Technologies program-wide funding opportunity

Green Car Congress

Analysis suggests that cost parity between electric drive and internal combustion vehicles is possible under certain scenarios when battery pack costs fall below $125/kWh (useable energy). Development of Electric Traction Drive Systems. DOE is putting particular emphasis on meeting the cost target.

article thumbnail

GM commits $400M to new Canadian battery materials plant for Ultium platform

Teslarati

General Motors is set to build a new $400 million battery materials plant in Canada with South Korean company POSCO Chemical, adding to the automaker’s already-massive spending plan for the transition to electric vehicles. The plant will produce cathode materials for GM’s Ultium battery platform. I’d love to hear from you!

GM 70
article thumbnail

This is Volkswagen’s Brilliant Strategy To Dominate The EV Market!

Get Electric Vehicle

The story of Tesla’s Model S also is the same they have revolutionized the electric vehicle industry and the way we look at electric cars. Why Electric Cars Are Expensive ? One-third of the cost of an electric car goes to its batteries. Volkswagens Ingenious Plan To Dominate The Electric Mobility.

Market 52
article thumbnail

The Importance of Recycling and Repurposing EV Batteries

Setec Powerr

The transition to electric vehicles (EVs) represents a significant step towards environmental sustainability. Addressing their disposal is critical to maintaining the environmental integrity of electric mobility. Addressing their disposal is critical to maintaining the environmental integrity of electric mobility.