GM and POSCO Future M to Expand EV Battery Supply Chain in North America with New Integrated CAM and Precursor Processing Complex

“We started by establishing battery cell production in the U.S. From there, we have been working through the entire battery supply chain, all the way to raw material recovery. We’re building higher levels of vertical integration, driving expanded investment and helping create jobs across North America.”"We are experiencing rapid growth of the EV battery materials market across North America. The companies established the Ultium CAM joint venture, which is majority owned by POSCO Future M, in July 2022. POSCO Future M is a global advanced materials company dedicated to battery for future mobility. POSCO Group is building a strong value chain across battery business from raw materials to battery recycling.