EV

GM getting $300 million in government support for EV battery materials plant in Quebec

Construction equipment, including a crane, sits on the site of the Ultim CAM plant.
Cathode active material, or CAM, is used for the positive electrode in lithium ion batteries. Today, it is typically a blend of lithium, nickel, manganese and cobalt, and makes up about 40 per cent of total battery costs, according to GM. (MATHIEU DION/BLOOMBERG)
May 29, 2023 07:41 PM

With construction underway at the site of the planned General Motors Co. and Posco Future M cathode active materials plant in Bécancour, Que., the Canadian and provincial governments have disclosed the major financial toll paid to attract the significant piece of the electric vehicle battery supply chain to the city.

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