February 9, 2023

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GM invests $500 million in Quebec to build a cathode plant | Car News

The marriage among Typical Motors (GM) and Quebec did not close well 20 several years in the past with the closure of the Sainte-Thérèse plant, but an critical site has been turned with the announcement of the manufacturer’s return to Quebec.

No, we will not see the delivery of a new motor vehicle assembly plant, but a strategy will arise from the ground. The latter, which will be created on a web site in Bécancour, will make cathodes, the elements necessary to produce batteries.

GM is including Canada to its North American source chain for its electric cars. The good information for the region is that the proximity of such a plant will minimize dependence on materials imported from Asia.

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GM is counting on South Korean associate Posco Chemical for the venture. The plant will of study course be liable for processing resources for GM’s Ultium batteries, which will appear in all long run electric powered products and solutions in the relatives. Especially, the web-site will system energetic cathode supplies, a critical battery content produced from factors this kind of as processed nickel, lithium and other elements that account for about 40 percent of the expense of a battery cell.

“GM and its provider partners are making a new, safer and a lot more sustainable ecosystem for electric powered vehicles based on North American methods, technology and production skills. Canada plays an significant part in our all-electrical upcoming, and we are grateful for the sturdy help we have received from area, provincial and national officers to establish a North American-centered EV benefit chain,” reported Doug Parks, GM’s government vice president, Worldwide Product or service Advancement, Paying for and Supply Chain.

Of class, the job has strong aid from all degrees of government – community, provincial and federal.

Posco Chemical, a subsidiary of steelmaker Posco, will direct the task as the majority operator of the joint venture (produced with GM). Arranging has been underway for months. GM declared it was performing to finalize the deal with the chemical organization in December.

GM Canada President and CEO Scott Bell explained, “It’s incredibly interesting to see GM Canada and Quebec playing a critical job in creating the emerging North American EV battery ecosystem using the ‘mine to mobility’ strategy.

And this is not GM’s latest announcement relating to investments in Canada. Scott Bell explains, “With this new processing facility in Bécancour, GM will assistance direct the electric powered car battery offer chain though launching Canada’s 1st electrical motor vehicle production plant in Ingersoll, Ontario later this year.”

As for GM’s alternative of Quebec, the enterprise states it chose the place because of its (significantly less expensive) hydroelectric grid, environmental standards and logistical backlinks, these as a nearby deep h2o port. Obtain to Canadian battery mineral capability was also a variable, reported David Paterson, GM Canada’s vice president of company and environmental affairs.

Paterson would not disclose the plant’s planned potential or size, but reported all of its production will be applied to source GM’s 4 Ultium battery mobile crops, all of which will be positioned in the United States.

Eventually, 200 careers will be designed as a consequence of this investment decision. Production is anticipated to commence in early 2025.

 

GM invests 500 millions in Quebec.

GM invests 500 hundreds of thousands in Quebec.