Move comes after GM announced another $1B expansion of EV battery materials venture
Ultium CAM was launched last year with a $327 million investment to build a chemical battery materialsGMC Hummer electric vehicles on the production line at General Motors' Factory ZERO all-electric vehicle assembly plant in Detroit, Michigan, on Nov. 17, 2021.
The expansion announced last week is the second phase of the venture, and includes a second CAM facility along with a facility for on-site processing Precursor CAM . Site selection has not yet been announced.
A Chevrolet Silverado pace truck drives through turn seven on a parade lap before the NTT IndyCar Series GMR Grand Prix on May 13, 2023, at Indianapolis Motor Speedway Road Course in Indianapolis, Indiana. "We started by establishing battery cell production in the U.S. From there, we have been working through the entire battery supply chain, all the way to raw material recovery," Parks said. "We’re building higher levels of vertical integration, driving expanded investment and helping create jobs across North America."
GM is looking to expand its EV capacity in North America with four U.S. battery cell joint venture plants. The Ultium CAM venture is expected to support the production of roughly 360,000 GM EVs annually in 2025-2030, the company said.
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