General Motors aims to lower costs and enhance EV performance by purchasing lithium iron phosphate batteries made by TDK Corp using CATL technology, with a new US plant.
TDK's new facility in the US South will create over 1,000 jobs, as GM explores ways to localize battery production while addressing US concerns over reliance on China.
GM's spokesman emphasized that battery technology is crucial to their strategy, which prioritizes product design that reduces costs and improves performance through local production.
The partnership between GM and CATL faces scrutiny amid US apprehensions about relying on Chinese technology, especially as political dynamics shift with the 2024 elections.
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