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CATL to license LFP battery tech to General Motors

Teslarati

CATL (Contemporary Amperex Technology Co Ltd) is negotiating with General Motors (GM) to license its LFP (lithium iron phosphate) battery technology. Based on local reports in China, negotiations between CATL and General Motors are just starting. Last year, Ford announced plans to build a $3.5

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General Motors beats Q3 projections, reports progress in EVs

Teslarati

General Motors ( NYSE: GM ) beat analyst expectations for the third quarter and reported what progress it made on its electric vehicle front for the three-month span. Strikes from the UAW halted production at many of its plants, and this morning, GM’s largest production facility became the latest target of work stoppages.

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GM invests $300M in Momenta to deliver next-generation self-driving technologies in China

Green Car Congress

General Motors will invest $300 million in China-based Momenta to accelerate the development of next-generation self-driving technologies for future GM vehicles in China. —Julian Blissett, executive vice president of General Motors and president of GM China. Momenta’s “flywheel”.

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China-owned SAIC to slash jobs at GM & VW ventures [Rumor]

Teslarati

China-owned SAIC plans to cut thousands of jobs from its joint ventures with General Motors (GM) and Volkswagen. Xiaomi aims to increase SU7 production to meet demand Job losses are rare in state-owned companies in China. However, it will take some time before the next generation of EVs hits the market.

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General Motors set sales records in China in 2014

Green Car Congress

General Motors and its joint ventures sold a record 3,539,970 vehicles in China in 2014, an average of one vehicle every 9 seconds and almost 9,700 vehicles each day. GM performed well ahead of the overall industry in China, which was up an estimated 7.5% SAIC-GM-Wuling sold 1,787,931 units in China, an increase of 12.8%

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GM's Buick Proxima EV concept for China is a gullwing flagship

Green Car Reports

General Motors on Monday unveiled a new Buick EV concept for China. The Buick Proxima is the product of GM's China Advanced Design Center in Shanghai, which has pivoted to focus on EVs, according to a press release.

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Nikkei analysis finds Tesla relies on China for 40% of battery supply chain

Green Car Congress

China was the largest supplier of materials for the lithium-ion batteries used in Tesla’s EVs, constituting 39% of the 61 companies in the storage battery category, based on Nikkei’s analysis of the supply chain. China accounted for 40% of the 42 firms engaged in nonferrous smelting excluding aluminum smelters.

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