Posco Chemical

POSCO Chemical and General Motors (GM) will build a cathode material joint venture in Quebec,

Canada, and use it as a facility to establish a supply chain for key battery materials in North America.

The two companies as part of the Joint Venture plan to invest approximately 400 million USD in the

first phase from 2023 to build a large-scale joint plant in Becancour, Quebec, Canada and produce

high-nickel cathode materials used in GM's electric vehicle batteries.

The site's construction will allow for future expansion opportunities as GM expands its electric vehicle

business.