POSCO Chemical plans to invest in $633 mln battery materials plant with GM
SEOUL, May 27 (Reuters) - South Korea's POSCO Chemical Co Ltd (003670.KS) said on Friday it plans to invest in a $633 million battery cathode materials plant in Canada with U.S. automaker General Motors Co (GM) (GM.N).
The South Korean materials maker said in a regulatory filing that it plans to invest $278 million through September 2024 on the joint venture plant with GM.
In December, the two companies announced their plans to form a joint venture in North America. read more
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