On June 2, 2023, General Motors Co. and POSCO Future M announced their second phase of their Ultium Cathode Active Material (CAM) joint venture. This is an investment project that is focused on increasing the production capacity of their chemical battery material facility in Canada and strengthening supply chains. The anticipated investment is over $1 billion.

General Motors is the largest automaker in the United States and the company designs, builds and sells automobile parts and accessories globally.

POSCO Future M is an advanced material company focused on battery for future sustainability.

Osler, Hoskin & Harcourt LLP advised General Motors Co. with a team consisting of Shahir Guindi, Sophie Amyot, and Jean-Philippe Bertrand (Corporate), Etienne Massicotte (Financial Services) Yan Besner (Real Estate) and Michael Fekete (Commercial).

Cleary Gottlieb represented POSCO.