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Common Motors Co says it plans to type JV, construct NA battery supplies plant

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Common Motors Co mentioned on Wednesday it plans to type a three way partnership with South Korea‘s POSCO to construct a battery cathode supplies plant in North America by 2024.

The transfer comes as GM is ramping up electrical car manufacturing and vowing to shift extra of its provide chain to North America. GM didn’t disclose the deliberate funding or dimension of the power however mentioned it may announce a location in early 2022. GM has mentioned it plans to finish the sale of sunshine responsibility inside combustion automobiles by 2035.

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