GM aims to lower EV battery cost, locks up Canadian nickel supply deal with Vale

Under a long-term supply agreement, Vale Canada will provide GM with battery-grade nickel sulfate, a key ingredient in battery cathodes, from a proposed plant in Becancour, Que. (REUTERS)

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By:

Reuters

November 17, 2022 10:43 PM

General Motors aims to slash the cost of electric vehicle battery cells and has added Vale to its growing roster of battery material suppliers as the automaker girds for increasing EV competition beyond 2025, GM said on Thursday.

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