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Gm will buy chinese batteries:
General Motors (GM) plans to import China batteries to fuel the new generation of its Chevrolet Bolt. However, despite punitive prices of around 80 % imposed by the Trump administration, according to the Wall Street Journal.
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The two-year agreement with the Chinese giant Catl will serve as a temporary solution, until GM and its South Korean partner LG Energy Solution can produce their own batteries at lower cost in the United States.
The production of the new Bolt will start at the Fairfax factory. In addition, in Kansas, at the end of the year, for an arrival at dealerships in 2026. GM wishes to make its own phosphate iron lithium batteries, less expensive gm will buy chinese batteries technology than nickel and cobalt versions.
In the meantime, the manufacturer will have to absorb customs duties of around 80 % on these imported batteries. However. the upcoming abolition of the federal credit of $ 7,500 for some electric vehicles makes this strategy more viable: the Bolt will not suffer from disadvantage in the face of its competitors.
LFP batteries cost approximately 35 % less to produce than their traditional equivalents. which could allow GM to maintain a profit margin, according to an analyst quoted by the Wall Street Journal.
This choice illustrates the delay of American manufacturers against China. which dominates the production of cheap batteries thanks to a very developed supply chain. Ford also collaborates with CATL to produce cheaper batteries in a factory under construction in Michigan.
GM and LG plan to start making LFP batteries in their Tennessee factory in 2027. In the meantime. the agreement gm will buy chinese batteries with CATL will make it possible to fill the gap and offer a bolt around $ 30,000, its most affordable electric model.
gm will buy chinese batteries — Gm will buy chinese batteries: General Motors (GM) plans to import China batteries to fuel the new generation of its Chevrolet Bolt. despite punitive prices of around 80 % imposed by the Trump administration, according to the Wall Street Journal. • Read also: Shanghai car fai.
Gm will buy chinese batteries
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