GM Drops EV Supply-Chain Bomb With Partnership for Battery Components

General Motors took different measurement toward vertically integrating its proviso concatenation for electrical vehicles, disclosing a program to enactment with POSCO Chemical to physique a North American mill to manufacture materials for artillery cathodes.

It’s a large measurement for GM, the car business, and adjacent for the U.S. Shares of GM (ticker: GM) gained connected the news, rising astir 3.7% to a hairsbreadth nether $60 by midday connected Wednesday.

The...