"GM's $19 Billion Deal with LG Chem Secures Massive EV Battery Supply"

General Motors plans to spend $19 billion over the next decade to source critical materials for electric vehicle batteries from LG Chem, with a long-term supply contract for cathode materials including nickel, cobalt, manganese, and aluminum from 2026 through 2035. The supply will be enough to power 5 million units of EVs with a range of over 300 miles, and will come from an LG plant under construction in Tennessee to supply GM's joint venture battery cell plants in North America. The extended deal reflects GM's commitment to creating a sustainable battery EV supply chain and adjusting plans for slower EV adoption.