GM to build a factory with POSCO Chemical to process materials for EV batteries, creating 'hundreds of jobs'

GM to build a factory with POSCO Chemical to process materials for EV batteries, creating 'hundreds of jobs'
·1 min read

Shares of General Motors Co. jumped 4.4% in morning trading Wednesday, after the auto maker said it will create "hundreds of jobs" as it plans to build a factory in North American with South Korea-based POSCO Chemical Co. Ltd. to process battery materials for GM's Ultium electric vehicle platform. GM said it was forming a joint venture with POSCO Chemical to build the factory, which is expected to open in 2024 at a location to be announced later, and to process Cathode Active Material (CAM), whi

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