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GM claims it has secured all battery uncooked materials for 1 million EVs yearly by 2025


Common Motors says it has “contractually secured” all battery uncooked supplies to fulfill its objective of creating annual North American manufacturing capability for 1 million EVs by 2025.

That affirmation got here as a part of bulletins of two provide offers for uncooked supplies, together with one with lithium provider Livent for lithium hydroxide. The fabric, which might be sourced from South America, might be used within the cathodes of cells for upcoming EVs utilizing GM’s Ultium battery system, the automaker mentioned in a press launch.

As well as, 100% of Livent’s “downstream lithium hydroxide processing” for GM will switch to North America as a part of the deal, the automaker mentioned.

General Motors Ultium batteries

Common Motors Ultium batteries

Individually, GM and LG Chem not too long ago introduced a long-term provide deal for greater than 950,000 tons of cathode lively supplies (CAM)—together with nickel, cobalt, manganese, and aluminum—between the second half of 2022 and 2030. That is sufficient for “roughly 5 million items of EV manufacturing,” GM mentioned in a launch saying that deal.

Not like the take care of Livent, this deal didn’t embody agency plans to localize processing of CAM. GM solely mentioned it and LG Chem will “discover” localization by mid-decade.

These offers will assist Ultium Cells LLC battery vegetation, that are being constructed underneath a partnership between GM and LG Vitality Resolution, one other division of the South Korean conglomerate. The 2 firms are up for $2.5 billion conditional loan to assist finance building of these vegetation underneath the U.S. Division of Vitality’s Superior Expertise Car Manufacturing (ATVM) program.

2023 Chevrolet Silverado EV

2023 Chevrolet Silverado EV

However GM already seems to have been lucky with its raw-material provide. A strained provide chain and considerations about steeper materials-related EV battery prices has triggered a scramble for firms to safe uncooked supplies.

A series of executive orders from President Biden have helped set the stage for numerous associated insurance policies this previous 12 months supporting that—and extra home battery vegetation. The latter is probably going one purpose GM is trying towards North American processing of battery uncooked supplies.

2024 Chevrolet Blazer EV

2024 Chevrolet Blazer EV

Ford made an identical set of bulletins final week about securing battery provide for ramping up EV manufacturing over the following a number of—though it lays out lithium iron phosphate (LFP) batteries as a part of the plan. GM hasn’t mentioned LFP chemistry, which is much less reliant on the scarce metals utilized in different lithium-ion chemistries.

Volkswagen additionally simply broke floor on its new PowerCo business, which is able to lead battery manufacturing globally and be tasked with securing the provision chain for its EV plans throughout manufacturers.

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