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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. The company will then expand into magnet manufacturing around 2025 at its new production facility in Fort Worth, Texas.

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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.

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

Green Car Congress

It will also enable the company to recycle all recoverable rare earths from end-of-life magnets and magnet production scrap, increasing the resiliency and environmental sustainability of the domestic supply base. Earlier post.).

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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. GM and MP Materials have signed a binding agreement on terms and expect to enter into a definitive supply agreement shortly.

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GM makes its largest green energy purchase to date; 50 MW wind deal

Green Car Congress

General Motors has made its largest renewable energy procurement to date, purchasing enough wind power to equal the electricity needs of 16 of its US facilities, including business offices in Fort Worth and Austin, Texas, a major assembly and stamping complex in Arlington, Texas, and 13 parts warehouses east of the Mississippi River.

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New “50 by 50” Commission seeks to halve US transportation energy use by 2050

Green Car Congress

Betsy Price, Mayor of Fort Worth, Texas; Gil Quiniones, President & CEO, New York Power Authority; Rhea Suh, President, Natural Resources Defense Council; Dan Turton, Vice President, North America Public Policy, General Motors; Greg White, Executive Director, National Association of Regulatory Utility Commissioners; and.

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Rivian seeks $80B valuation in confidential IPO filing

Teslarati

Rivian, an electric car company headed by founder and CEO RJ Scaringe, is set to deliver its first vehicles in September. Sources also stated that Rivian would seek an $80 billion valuation, which would make it the sixth-most valuable car company in the world, displacing General Motors with a valuation of $72.22