GM to form new joint venture to produce crucial materials for EVs
Publishing timestamp: 2021-12-01 16:28:48
Summary
GM plans to form a joint venture with South Korean chemical company to produce critical materials for EV batteries in North America in 2024. This move is aimed at controlling its supply chain and reducing risks of disruptions. Shares of GM rose 3.3% following the announcement.
Sentiment: POSITIVE
Tickers: GM,
Keywords: general motors co, environment, business, autos, transportation, detroit, business news, breaking news: business,