Posco Future M plans to open the delayed Ultium CAM battery-materials manufacturing facility project in Bécancour, Que., in October 2026, according to multiple media reports out of Asia.

South Korea’s Posco is partnering on the project with General Motors The reports come after GM previously stated that the plant’s development was still proceeding but the opening date had been delayed. Posco owns 85% of the project, while GM has a 15% interest. (CAM) annually, supplying battery components for hundreds of thousands of GM electric vehicles. The automaker has pledged to transition to selling only electric light-duty vehicles by 2035, requiring significant expansion in battery-production capacity.

Construction was originally expected to conclude in 2023.

Posco Future M had reinforced its commitment to the project with a US$483-million investment, despite headwinds in the EV sector and uncertainty from U.S. policies under President Donald Trump.

The Ultium CAM facility, announced in 2022 with an estimated initial investment of $500 million, has since expanded to a second phase, bringing total investment above US$1 billion. The project, which has received support from both the Canadian and Quebec governments, is expected to create 200 jobs.

While Canada’s EV battery sector faces challenges—including Northvolt’s bankruptcy in the U.S. and Ford withdrawing from a $1.2-billion battery plant partnership in Bécancour—some projects continue to advance.

Pictured: Future Ultium CAM battery-materials facility in Bécancour, Que.

Rendering: Posco Future M