"As we get close to the end of this decade, the level of battery manufacturing independence that we have will be almost unrecognizable from today, Oury said. That ambition is already showing up in a string of sourcing deals GM has struck over the past few years, aimed at securing supplies of the raw materials that go into a battery cell from within North America. That includes lithium, as well as cathode active materials (CAM) such as nickel, cobalt, manganese and aluminum."
"Companies with a tighter grip over their battery materials also get a bigger say in how much their EVs will end up costing, which is part of the reason why Chinese EVs are so competitively priced. GM is headed in that same direction, pushing to establish a North American supply chain to make EVs affordable and less vulnerable to geopolitics."
"General Motors has been signing a string of raw material supply deals for EV batteries over the past few years. The vast majority of those supply deals include companies with North American operations. Multiple suppliers in Canada are central to GM's plans to continue making EV batteries cheaper."
General Motors is localizing EV battery production by securing raw-material supply deals largely with North American companies, with several Canadian suppliers playing key roles. The automaker operates two U.S. battery gigafactories with LG Energy Solution and seeks to further untangle from China-dominated battery supply chains. Controlling upstream materials influences final EV pricing, contributing to competitive advantages for Chinese manufacturers. GM aims to establish a North American supply chain to lower costs and reduce geopolitical vulnerability. Company planning emphasizes driving down battery costs without sacrificing range or performance. Sourcing deals target lithium and cathode active materials such as nickel, cobalt, manganese and aluminum, often influenced by Inflation Reduction Act sourcing requirements.
Read at insideevs.com
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