11 November 2022 | Other

Ford and GM are negotiating with Posco to invest in battery materials production

South Korea's Posco Chemical may receive investment from Ford Motor, General Motors and Stellantis to develop plants to produce battery materials for electric cars in North America. The companies are already discussing. This is reported by reliable sources.

The key components of lithium-ion batteries for automobiles are cathode-active or anode materials. Posco Chemical plants will produce these materials. This was reported by people who asked to remain anonymous because the conversations were private events. Also, it is known that these are only preliminary negotiations and may not lead to a deal. In addition, other automakers are also talking to Posco Chemical for similar investments.

As a trend in recent months, U.S. companies such as Honda Motor, Ford and Stellantis have merged with South Korean battery makers LG Energy Solution, SK Innovation and Samsung SDI. All this for investing billions in the development of battery plants in North America.

The U.S. government is keeping the automakers under pressure to reduce their dependence on Chinese batteries and materials. This has led to increased competition in this area of cooperation.

Company MarketCheese
Period: 24.07.2026 Expectation: 650 pips
Brent crude still has upside potential after consolidation
Today at 11:28 AM 20
Period: 17.08.2026 Expectation: 650 pips
Selling AUDCAD down to 0.97500
Today at 10:07 AM 20
Period: 24.07.2026 Expectation: 950 pips
USDCAD is bottoming out after recent pullback from July highs
Today at 07:21 AM 24
Period: 01.08.2026 Expectation: 2400 pips
GBPUSD sell-off targets 1.31500
Today at 06:18 AM 23
Gold sell
Period: 31.07.2026 Expectation: 250 pips
Selling gold down to $4,000
Today at 06:13 AM 27
Period: 23.07.2026 Expectation: 1090 pips
USDJPY sell-off targets 161.030 amid lower market volatility and higher inflation expectations in Japan
Yesterday at 11:09 AM 20
Go to forecasts