GM to Build New North American EV Facility
Dec. 2, 2021—General Motors has partnered with South Korean chemical manufacturer POSCO Chemical to build a new electric vehicle facility in North America.
According to a report from the Detroit Free Press, the facility will produce "key materials" for EV batteries used in GM's Ultium electric vehicle platform. The non-binding agreement outlines a process in which the two companies will build a joint materials factory by 2024.
“We need to control our own destiny especially when it comes to battery production," GM executive Doug Parks said "The majority of the Ultium platform will be sourced, processed and produced in North America by 2025.”
The Ultium platform will be used in all of GM's future EVs, starting with the GMC Hummer EV pickup.
Details about where the factory could be built or how many jobs would be created won't be announced until the agreement between GM and POSCO is finalized at some point next year.