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GM and Glencore enter multi-year cobalt supply agreement

Green Car Congress

Glencore and General Motors announced a multi-year sourcing agreement in which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia. It is known for its heat-resistant properties and is added to lithium-ion battery cathodes to improve energy density and battery longevity.

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GM and MP Materials enter long-term supply agreement to scale rare earth magnet sourcing and production in US

Green Car Congress

General Motors and MP Materials ( earlier post ) have formed a strategic collaboration to develop a fully integrated US supply chain for rare earth magnets. This strategic collaboration seeks to accelerate the restoration of the US rare earth supply chain at commercial scale with high resiliency and environmental sustainability.

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LG opens its first EV charging equipment factory in the U.S.

Teslarati

According to a press release shared by the company on Monday, LG has opened the EV charger plant in Fort Worth, Texas, set to eventually have an annual capacity of over 10,000 units. The news also came alongside a ribbon-cutting event featuring LG executives, Fort Worth Mayor Mattie Parker, and other local officials.

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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.)

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Samsung SDI considers building battery factory near Rivian in Normal, IL

Teslarati

Samsung SDI has narrowed down the locations for its potential battery manufacturing plant in the United States. We’re competing for a major Samsung battery facility,” U.S. Having a battery facility will also create thousands of jobs,” he elaborated. plant has Fort Worth, TX as frontrunner.

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US DOD awards MP Materials $35M heavy rare earth processing contract

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The ability to process HREEs alongside LREEs will enable MP Materials to extract and refine all rare earths required to manufacture high-performance permanent magnets. Earlier post.). Earlier post.).

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HET motor company Linear Labs raises $6M in new funding

Green Car Congress

Linear Labs has raised an additional $6 million in funding to further develop manufacturing capabilities and grow its employee base. million partnership with the City of Fort Worth, Texas, was announced, which includes an incentive package involving Linear Labs’ plans to develop an advanced manufacturing facility.

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