Parks stated Canada will play an “vital position” within the firm’s effort to develop a battery provide chain in North America, with the undertaking receiving robust backing from the native, provincial and federal governments.
Producing CAM is among the key steps in readying nickel, lithium and different key supplies to be used in EV batteries. The substances that make up CAM characterize roughly 40 per cent of the price of a battery cell, in line with GM.
Posco Chemical, a subsidiary of steelmaker Posco, will lead the undertaking as majority proprietor within the three way partnership. Planning has been underway for months. GM introduced it was working to finalize the joint venture with the chemical agency in December.
The CAM plant will return GM to Quebec after a 20-year absence. Its Sainte-Thérèse Meeting, which constructed the Chevrolet Camaro and Pontiac Firebird muscle automobiles within the Montreal suburbs closed in 2002.
GM Canada President Scott Bell stated it was thrilling to see Canada and Quebec tackle a “key position” within the firm’s rising battery ecosystem.
“With this new processing facility in Bécancour, GM will assist lead the EV battery provide chain whereas additionally launching Canada’s first full EV manufacturing plant in Ingersoll, Ont., later this 12 months.”
Governments in Quebec and Ontario, in addition to the federal authorities in Ottawa, have been actively courting battery processing and battery mineral mining investments because the shift to EVs accelerates.
