foundry-planet.com - B2B Portal: General Motors Names Pierburg US a 2021 Supplier of the Year
General Motors Names Pierburg US a 2021 Supplier of the Year
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General Motors Names Pierburg US a 2021 Supplier of the Year
GM has signed a multi-year deal to source cobalt from Australia, to be used in its Ultium batteries, just as production of EVs on the Ultium platform picks up.
GM inks a new deal to acquire one of the rare metals needed for batteries. COVID has caused a multitude of problems with the supply chain just as most major automakers are scrambling to increase EV output!
General Motors has signed a multi-year supply contract for cobalt with the raw materials company Glencore. Glencore will supply GM with the battery material from a mine in Australia. The companies did not disclose the details of the supply contract. The cobalt supplied by Glencore from Australia
Glencore and GM have struck a supply deal for cobalt, a key material for EV batteries.