Canada invests in GM-POSCO cathode materials facility in Québec - Canadian Auto Dealer

The federal government announced new funding to support Canada’s first cathode materials facility, which will be built thanks to a joint venture between General Motors and POSCO Future M in Bécancour, Qué. Cathode active materials, also known as CAM, are the key battery materials that include components like processed nickel, lithium, and others that make up approximately 40 per cent of the cost of a battery. The GM-POSCO project, called Ultium CAM, will help strengthen Canada’s electric vehicle ecosystem and should create around 200 jobs. “This investment in GM-POSCO's new facility in Bécancour will help further position Quebec as a

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