Ultium Cells is investing 2.7 trillion won ($2.4 billion) in a battery factory in Spring Hill, Tennessee, the company’s shareholders announced Saturday.
GM Korea will operate its Bupyeong 2 assembly plant at half capacity as the automaker grapples with global supply shortage of automotive semiconductors.
Posco Chemical will supply cathodes and perhaps even anodes for General Motors’ next electric vehicles (EVs).
General Motors’ electric vehicle (EV) strategy relies heavily on its technological partnership with Korean battery maker LG Chem, according to an online global roadshow held by Cadillac through Zoom on Sept. 4.
Hyundai Motor is looking to buy American automaker General Motors’ (GM) Russia plant in an attempt to expand its lineup in the country.
GM Korea, the Korean unit of General Motors, said Thursday it will invest 800 billion won ($667 million) as planned in the coming years, despite the new coronavirus outbreak.