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GM and Vacuumschmelze (VAC) to build a new magnet factory in US to support EV growth

GM and Vacuumschmelze (VAC) of Germany announced plans for VAC to build a plant in the US that will manufacture permanent magnets for the electric motors used in the GMC HUMMER EV, Cadillac LYRIQ, Chevrolet Silverado EV and more than a dozen other models using GMโ€™s Ultium Platform. The new...
United States Erik Eschen Ge Renewable Energy Nucor Corporation Permanent Magnet Division Chevrolet Silverado

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GM and POSCO Chemical to build new N America factory to process cathode active material for Ultium batteries

General Motors and POSCO Chemical plan to form a joint venture through which the parties will construct a factory in North America to process critical battery materials for GMโ€™s Ultium electric vehicle platform. The joint venture will process Cathode Active Material (CAM), a key battery material that represents about 40%...
Spring Hill United States Lg Energy Solution General Motors Ultium Cells Global Product Development

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