GM in talks with CATL to license cheaper LFP EV battery tech and joint North American plant
Baua Electric
MARCH 28, 2024
Details are scarce, but the plant will likely be in the US or Mexico. Both automakers look to sidestep federal regulations requiring EV batteries to be produced in North America to qualify for a tax credit. This could translate to significant savings as American automakers look to cut costs and break even with EVs.
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