brings more steps in the electric vehicle supply chain under its umbrella the detroit automaker said wednesday that details of the venture are still being worked out including investment amounts and the plant location gm said the factory will supply materials to make cathodes the energy center of a battery that amounts to 40 of the cost the plant will employ hundreds of people and will start making materials in 2024 said doug parks gms global product development and supply chain head the plant will supply four north american battery cell factories that gm plans to build scaling battery production is central to our strategy to drive mass adoption of evs parks told reporters wednesday i think this helps to solidify the supply chain and add security to it automakers are racing to line up suppliers for scarce battery materials and components in anticipation of a widespread shift from internal combustion vehicles to those powered by electricity auto industry executives polled by kpmg international say they expect more than half of us new vehicle sales to be battery powered by 2030 gm plans to build 30 electric vehicles globally by 2025 and says it will spend 35 billion between 2020 and 2025 on electric and autonomous vehicles at present gm isnt selling any electric vehicles its building preproduction versions of the gmc hummer ev which will go on sale soon but it has had to stop selling the chevrolet bolt small suv and hatchback due to a recall over battery fires parks said the cathode materials plant should help gm reduce battery costs he said the company plans to roll out a small chevrolet crossover suv for about 30000 and another suv coming at an even lower price the new plant will make materials for gms new ultium battery chemistry using nickel cobalt manganese and aluminum parks said also readford gm race to brag were number 3 in electric vehicle marketas the biggest detroit carmakers struggle to escape from teslas shadow the motown matchup is like two football teams slugging it out using very different playbookssee more detailsgm partners with posco to build na battery materials plantthe move comes as gm is ramping up electricvehicle production and vowing to shift more of its supply chain to north america gm did not disclose the planned investment or size of the facility but said it could announce a location in early 2022see more details ap published on dec 2 2021 at 0645 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your