October 14, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--North America has emerged as the fastest-growing market for electric vehicles (EVs), and some of its largest auto manufacturers are teaming with tech-focused companies based overseas--particularly those from South Korea--to remain competitive in a rapidly changing market. Industrial Info is tracking more than $46.5 billion worth of EV battery projects in the U.S. and Canada. <a href='https://www.gm.com/' target='_blank'>General Motors Company</a> (<a href='https://www.nyse.com/quote/XNYS:GM' target='_blank'>NYSE:GM</a>) (GM) (Detroit, Michigan) upped the ante this week when it announced GM Energy, a subsidiary that will focus on 'energy management services, and drive growth beyond the core vehicle portfolio.' Much of the new business will cater to EV customers through battery-charging and storage products. Two such projects under construction are spearheaded by Ultium Cells LLC, a joint venture between GM and LG Energy Solution Limited, a subsidiary of <a href='https://www.lgchem.com/main/index' target='_blank'>LG Chem Limited</a> (Seoul, South Korea). Other companies with active projects include <a href='https://global.honda/' target='_blank'>Honda Motor Company</a> (<a href='https://www.nyse.com/quote/XNYS:HMC' target='_blank'>NYSE:HMC</a>), <a href='https://www.lspower.com/' target='_blank'>LS Power Group</a>, <a href='https://www.nec.com/' target='_blank'>NEC Corporation</a> and <a href='http://eng.skinnovation.com/' target='_blank'>SK Innovation Company Limited</a>.