To all the Nay Sayers, eat this! What if MS.. DETROIT — General Motors plans to spend $19 billion over roughly the next decade through a new supplier deal to source critical materials for use in electric vehicle batteries from LG Chem, the companies said Wednesday.
The long-term supplier contract will see LG Chem supply GM with more than 500,000 tons of cathode materials — including nickel, cobalt, manganese and aluminum — from 2026 through 2035, the South Korean supplier said in a release.