5 Million EVs? GM Signs a Big Deal for Battery Supply.
General Motors reached a supply agreement with Seoul-based LG Chem for 500,000 tons of electric-vehicle battery cathode material.
Source: marketwatch.com
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GM to spend $19 billion through 2035 to source EV battery materials from LG Chem
The contract is likely one of the largest EV supply deals that GM has signed and suggests it remains committed to EVs despite pushing back investments.
Source: nbcchicago.com
GM, LG Chem announce $19 billion deal for EV battery materials
The contract is likely one of the largest EV supply deals that GM has signed and suggests it remains committed to EVs, despite pushing back investments.
Source: cnbc.com
GM, LG Chem Sign $19B Cathode Material Supply Deal
LG Chem announced Wednesday that it has secured a long-term cathode material supply contract with General Motors worth nearly $19 billion.
Source: businessjournaldaily.com
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GM Strikes $18.8B Deal With LG Chem Securing Enough Materials to Produce 5 Million EVs
General Motors struck an $18.8 billion deal for LG Chem to supply the Big Three automaker with materials used to produce electric vehicle (EV) batteries as GM works to strengthen its position in the EV market.
Source: investopedia.com