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General Motors negotiates with CATL for US-based EV battery production, partnering with TDK and expecting 1,000+ jobs.
General Motors (GM) is negotiating to purchase electric vehicle (EV) batteries from China's Contemporary Amperex Technology Co. (CATL), which will be assembled at a new plant in the U.S. South, managed by Japan's TDK Corporation.
This partnership aims to create over 1,000 jobs, establish a domestic supply chain, and reduce reliance on Chinese imports.
GM shares rose 3.82% following the news, reflecting investor optimism about the deal.
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General Motors negocia con CATL para la producción de baterías EV con sede en Estados Unidos, se asocia con TDK y espera más de 1.000 puestos de trabajo.