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https://www.barrons.com/articles/gm-posco-ev-battery-supply-partnership-51638381203
Updated Dec. 1, 2021 4:59 p.m. ET / Original Dec. 1, 2021 12:54 p.m. ET
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General Motors took different measurement toward vertically integrating its proviso concatenation for electrical vehicles, disclosing a program to enactment with POSCO Chemical to physique a North American mill to manufacture materials for artillery cathodes.
It’s a large measurement for GM, the car business, and adjacent for the U.S. Shares of GM (ticker: GM) gained connected the news, rising astir 3.7% to a hairsbreadth nether $60 by midday connected Wednesday. Shares closed up 0.4% astatine $58.06.
The...