LG Chem and General Motors Reach Agreement for Long-Term Supply of Cathode Active Material to Support EV Growth

CAM is a key battery material consisting of components like processed nickel, lithium and other materials representing about 40% of the cost of a battery cell. “LG Chem has demonstrated technical expertise, high-quality and mass production capabilities of cathode active materials over the last decade. The cathode materials that LG Chem plans to supply are NCMA (nickel, cobalt, manganese and aluminum) cathode materials for EVs built on GM’s Ultium Platform. Head-quartered in Seoul, Korea, LG Chem has multiple operation sites worldwide and generated KRW 42.7 trillion (USD 37.3 billion) in sales in 2021. # # #General Motors Cautionary Note on Forward-Looking Statements: This press release and related comments by management may include “forward-looking statements” within the meaning of the U.S. federal securities laws.