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Total Motors took one other step in opposition to vertically integrating its offer chain for electric autos, disclosing a idea to work with POSCO Chemical to manufacture a North American manufacturing facility to assemble supplies for battery cathodes.
It’s an extraordinary step for GM, the automobile change, and even for the U.S. Shares of GM (ticker: GM) gained on the news, rising about 3.7% to a hair below $60 by noon on Wednesday. Shares closed up 0.4% at $58.06.