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: 30.06.2026 Expectation: 3000 pips
Buying USDJPY up to 162.00
Yesterday at 11:39 AM 42
Period: 16.04.2026 Expectation: 1300 pips
Investing in SPX with $6,850 target as fragile ceasefire holds
Yesterday at 11:25 AM 25
Period: 31.05.2026 Expectation: 1400 pips
Investing in AUDCAD with 0.9880 target
Yesterday at 10:26 AM 19
Gold sell
Period: 16.04.2026 Expectation: 150 pips
Gold correction looms on Strait of Hormuz jitters and US inflation data
Yesterday at 09:28 AM 53
Period: 16.04.2026 Expectation: 15000 pips
Buying ETHUSD on correction with $2,325 in sight amid temporary geopolitical fog
Yesterday at 08:11 AM 33
Period: 31.05.2026 Expectation: 1500 pips
Buying EURUSD from 1.1640 support
Yesterday at 05:32 AM 23
Go to forecasts