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
Brent sell
Period: 11.07.2025 Expectation: 400 pips
Brent falls ahead of OPEC+ decisions
04 July 2025 37
Period: 18.07.2025 Expectation: 900 pips
AUDCAD is likely to keep pulling back from its monthly high
04 July 2025 34
Period: 10.07.2025 Expectation: 1200 pips
Selling USDJPY during rebound with 142.430 target
03 July 2025 57
Period: 11.07.2025 Expectation: 220 pips
Heatwaves across Europe and US support gas price recovery from recent lows
03 July 2025 160
Period: 08.07.2025 Expectation: 1500 pips
EURUSD rally faces potential correction toward 1.165
02 July 2025 83
Period: 09.07.2025 Expectation: 1400 pips
USDCAD declines amid US dollar weakness and improving Canadian trade prospects
02 July 2025 57
Go to forecasts