Normal Motors and POSCO Future M introduced the second section of their Ultium CAM three way partnership, an funding projected to exceed $1 billion to extend manufacturing capability of CAM in North America and combine precursor supplies manufacturing. pCAM is a particularly engineered mixture of processed uncooked supplies crucial to supply CAM, a key battery materials representing about 40% of the price of a battery cell. At present, CAM and pCAM processing is extremely concentrated in Asia.
GM is executing plans to put in 1 million items of annual EV capability in North America in 2025, supported by 4 U.S. battery cell three way partnership vegetation with 160GWh of capability and develop from there in subsequent years. The Ultium CAM three way partnership will help manufacturing of roughly 360,000 Chevrolet, Cadillac, GMC, Buick and BrightDrop automobiles yearly within the 2025-2030 timeframe in North America.
The businesses established the Ultium CAM three way partnership, which is majority owned by POSCO Future M, in July 2022. Web site choice will likely be introduced later.
At this time’s milestone announcement is the most recent in a collection of actions GM has taken to construct a safer EV provide chain. A timeline of GM’s main provide chain growth seems beneath:
Uncooked Materials Restoration and Processing
July 2021 – Introduced strategic funding and industrial collaboration with Managed Thermal Assets to develop California-sourced lithium extracted from geothermal brine
Dec. 2021 – Introduced long-term provide with MP Supplies for U.S.-sourced and manufactured uncommon earth supplies, alloy and completed magnets. MP Supplies is establishing the primary North American processing web site for alloy flakes, and can develop into magnet manufacturing at their new manufacturing facility in Ft. Value, Texas
Dec. 2021 – Introduced plan with POSCO Future M to supply CAM in Canada; web site work in Quebec commenced in March 2022
April 2022 – Introduced multi-year sourcing settlement with Glencore for sustainable cobalt from Australia
July 2022 – Introduced six-year settlement with Livent starting in 2025 for battery-grade lithium, with the aim of transitioning 100% of Livent’s downstream lithium hydroxide processing for GM to North America
July 2022 – Introduced provide settlement with LG Chem, which can present GM with greater than 950,000 tons of CAM over eight years, sufficient for roughly 5 million items of EV manufacturing
July 2022 – GM introduced it has reached binding agreements with its provider companions to attain its goal manufacturing fee of greater than 1 million EVs yearly in North America in 2025
Oct. 2022 – Introduced strategic collaboration with Queensland Pacific Metals (QPM) of Australia for long-term provide of nickel and cobalt
Nov. 2022 – GM introduced settlement with Vale to supply nickel from Canada
Dec. 2022 – Ultium Cells LLC signed a provide settlement with POSCO Future M to supply synthetic graphite from Korea
Jan. 2023 – GM introduced provide settlement and $650 million fairness funding in Lithium Americas to develop the Thacker Cross lithium mine in Nevada – the largest-ever funding by an automaker in battery uncooked supplies; building commenced in March 2023
Cell Manufacturing and R&D
Dec. 2019 – GM shaped the Ultium Cells LLC three way partnership with LGES for U.S. battery cell manufacturing
Oct. 2021 – GM introduced Wallace Battery Cell Innovation Heart in Warren, Michigan, to develop battery know-how operations and speed up growth and commercialization of longer vary, extra inexpensive EV batteries
Aug. 2022 – Ultium Cells LLC started ramp up of battery cell manufacturing in Warren, Ohio
April 2023 – GM and Samsung SDI introduced plan to construct a brand new battery cell manufacturing plant within the U.S.
EV Parts
Sept. 2022 – GM introduced funding in its Toledo, Ohio, propulsion manufacturing operations to organize the ability for manufacturing of drive items that will likely be utilized in future Ultium-based battery electrical vehicles
Nov. 2022 – GM introduced binding long-term settlement with Vacuumschmelze (VAC) for North America magnet manufacturing
Feb. 2023 – GM introduced plans to construct EV motors for BrightDrop mild industrial automobiles at its St. Catharines, Ontario, propulsion plant.
Jun 2, 2023