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07 Feb
21:15

LG Chem announces KRW 25 trillion CAM contract with GM

South Korean chemicals giant LG Chem announced Wednesday a KRW 25 trillion ($18.82 billion) cathode active material (CAM) supply deal with General Motors, Kallanish reports. The long-term contract will cover the delivery of over 500,000 tonnes of nickel-cobalt-manganese-aluminium (NCMA) cathode materials, which the company says it is enough to power roughly 5 million EVs. The supply will commence in 2026 with the start of LG Chem’s CAM plant in Tennessee, U…
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