The Detroit automaker will buy battery-grade nickel for about 350,000 electric vehicles annually from the mining giant’s proposed plant in Bécancour, Que. The companies did not disclose the value of the deal. (The Logic)
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The Detroit automaker will buy battery-grade nickel for about 350,000 electric vehicles annually from the mining giant’s proposed plant in Bécancour, Que. The companies did not disclose the value of the deal. (The Logic)
Talking point: GM is deepening its battery supply chain in Quebec as it tries to make its vehicles eligible for U.S. clean energy tax credits, which favour U.S. free-trade partners. The automaker has a separate cathode-material plant set to open in 2025 there as part of a joint venture, and Vale will begin deliveries in 2026 to make cathodes in the EV models of the Chevrolet Silverado, Blazer, Equinox, Cadillac LYRIQ, GMC Sierra and Hummer. GM is hoping to have capacity to build and sell 1 million EVs in North America by 2025. The two companies will also partner on advanced technology development and recycling. Vale, which wants to sell 30 to 40 per cent of its nickel to EV makers, has a similar deal to sell Canadian nickel to Tesla.
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