# POSCO Chemical wins KRW 13.8 trillion cathode material supply deal with GM

POSCO Chemical signed a contract with General Motors to supply high-nickel cathode materials worth approximately KRW 13.7696 trillion from 2023 to 2025. The materials will be produced at the Gwangyang plant and supplied to Ultium Cells, the GM-LG Energy Solution battery joint venture.

- Type: Contract
- Announced: 2022-07-28
- Where: Gwangyang, South Korea
- Value: $10.5B (13769.6B KRW)
- Status: announced
- Products: high-nickel cathode materials for EV batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [General Motors](https://endata.com/companies/4654.md) (customer)
- [Ultium Cells](https://endata.com/companies/12110.md) (customer)
- [POSCO Chemical](https://endata.com/companies/44695.md) (supplier)

## Sources

- [fnnews.com](https://www.fnnews.com/news/202207280933123357), 2022-07-28: "포스코케미칼은 GM과 약 13조7696억원 규모의 양극재 공급 협약을 체결했다고 28일 밝혔다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.