General Motors Makes Aggressive Bid to Build a Million EVs

11:36pm, Monday, 07'th Mar 2022 The Street
This is the new and upcoming hub to make raw materials and batteries related to electric vehicles and its neither in China or the U.S.
(Kitco News) - Today, US automaker General Motors and South Korea’s POSCO Chemical announced that they are working with the governments of Canada and Quebec to build a new battery materials facility in Bécancour, Quebec, estimated at $400 million (C$500 million).
In 1963, Marion Sandler made history by becoming the first female CEO of a major U.S. company, Golden West Financial. She was named co-CEO with her husband Herbert and would hold that title for 43 yea
General Motors Canada''s David Paterson tells Electric Autonomy Canada exclusively what GM''s new facility in Bécancour Industrial Park, slated to begin operation in 2025, will mean for the company and for Canada''s EV battery supply chain The post GM, Posco to build $500-million Canadian cathode active material factory in Quebec to supply Ultium battery factories appeared first on Electric Autonomy Canada .
General Motors has announced plans to build a $500 million cathode active material (CAM) facility in Bécancour, Quebec. The new facility will be a joint venture with South Korea’s Posco Chemical, and will produce materials […] The post GM announces plans for $500 million EV battery materials facility in Bécancour, Quebec appeared first on Drive Tesla .
Investors concerns over the impact of the Ukraine-Russia war on commodity prices was one of the big factors in a broad decline in legacy auto stocks. Read more,
The companies say the new facility in Becancour, Que., will cost US$400 million. It will produce cathode active materials (CAM) for GM''s Ultium batteries.
Traditional automakers are making their foray into electric vehicles (EVs), and following a December announcement that General Motors (GM) would process cathode material for its … Read more The post GM to Build EV Battery Materials Plant in Canada, Will Cost $400 Million appeared first on TeslaNorth.com .

GM to build new battery materials plant in Quebec

04:48pm, Monday, 07'th Mar 2022 Financial Post
Expected to create about 200 jobs
General Motors (GM) is making a comeback in Quebec, 20 years after closing its Boisbriand plant, and is opening a new plant for its electric vehicles in Becancour.
General Motors <> and POSCO Chemical to build a new facility in Bécancour, Quebec, estimated at C$500M.The new facility will produce cathode active material ((CAM)) for GM''s…
The volume production ramp has gotten harder for Rivian, which is dealing with supply-chain constraints, rising costs, a PR black eye around its decision to increase prices, and even an unwitting entr

Used car buyers continue to shift toward online shopping

10:03am, Monday, 07'th Mar 2022 MarketWatch
The number of buyers who visited one of the new online used car retailers has increased pretty dramatically, and competition for the virtual car lot is growing.

Down 22% to 48%, 3 Warren Buffett Stocks to Buy in March

12:15pm, Sunday, 06'th Mar 2022 The Motley Fool
It could be time to get greedy with these three stocks.

Why Ford, GM, and Lordstown Shares All Tanked in February

06:33am, Sunday, 06'th Mar 2022 The Motley Fool
Financial reports from the big automakers in February were good, but the stocks are acting more like they're already fully electric-vehicle companies.
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