Posco Future M and General Motors have delayed the completion of their cathode material plant in Canada, part of their joint venture Ultium CAM, originally set to be finished by the end of this month. The new completion date remains unspecified, with Posco Future M attributing the delay to "local conditions" without elaborating further. The plant, situated in Becancour, Quebec, will focus on producing high-nickel cathode materials crucial for electric vehicle batteries, with an annual capacity of 30,000 tons, sufficient for powering approximately 220,000 EVs. This facility marks the initial phase of Posco Future M's broader North American expansion in collaboration with GM under the Ultium CAM initiative. Cathode materials are vital components in lithium-ion batteries, influencing energy density, lifespan, and safety. High-nickel cathodes are particularly important for developing batteries that offer extended driving ranges for EVs, aligning with the industry's trend towards more potent and durable electric vehicles. Despite the setback in the plant's original timeline, full-scale production is anticipated to commence around 2025. Once operational, the plant will be integral to GM's strategy to enhance EV production, as the cathode materials manufactured there will supply Ultium Cells, GM's battery joint venture with LG Energy Solution, potentially qualifying for tax credits under the US Inflation Reduction Act.