GM (General Motors) announced that it would soon build a new factory in North America. The giant automaker added that this new plant would specifically produce Cathode Active Material (CAM), an essential part of the company's upcoming Ultium batteries.
The new manufacturing plant of the automaker would be built with the help of POSCO Chemical. Once it is finished, the giant car maker will be able to produce its Ultium battery parts locally.
"We are building a sustainable and resilient North America-focused supply chain for EVs covering the entire ecosystem from raw materials to battery cell manufacturing and recycling," said GM Executive Vice President Doug Parks.
On the other hand, Kyungzoon Min, the CEO of POSCO Chemical, shared his excitement as they become a part of GM's EV transition. You can visit this link to see more details.
Why GM's Ultium Battery is Important?
Car and Driver reported that the new Ultium battery of General Motors is expected to power all the company's electric vehicles by 2035.
GM claimed its in-house EV cell is the first one that can be placed vertically or horizontally. Thanks to this feature, the developers and designers of the company would have more freedom when it comes to producing EV designs.
In other news, Tesla's Cybertruck is expected to have a yolk steering wheel. On the other hand, Nissan is now planning to transition to the EV industry.
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Written by: Griffin Davis
