General Motors (GM) is reportedly in talks with battery giant CATL to license its cheaper LFP battery tech. The plans could include a new joint North American plant to produce the new batteries.
After software glitches, freight delays, and other issues caused GM to miss its EV sales target in 2023, the company believes “production hell” is behind it.
CEO Mary Barra claims 2024 will be “the year of execution” as the automaker looks to get back on track.
GM is ramping up production of its Ultium-based models after it “turned the corner” at its battery factory in Detroit. With several new Chevy EVs rolling out this year, including the Blazer EV, Equinox EV, and Silverado EV, GM looks to build 200,000 to 300,000 Ultium EVs this year.
That would be around 20 times more than the fewer than 14,000 units sold last year. GM is also retiring its…