General Motors (GM) Inks a $19B Deal for EV Battery Materials

In a move aimed at fortifying the electric vehicle (EV) market, U.S. auto giant General Motors (GM) and South Korean battery supplier LG Chem inked a monumental $19 billion deal. The agreement, spanning roughly the next decade, is set to redefine the landscape of EV production and marks one of the largest supply contracts in GM's history.The deal outlines LG Chem's commitment to supplying GM with more than 500,000 tons of crucial cathode materials between 2026 and 2035. These materials, including nickel, co ...