GM aims for fully domestic battery supply chain within 2-3 years, investing $900M in new facilities
General Motors (GM) is developing a domestic battery supply chain, with its vice president of battery and sustainability Kurt Kelty stating the near-term goal is full domestic sourcing within two to three years. The company plans to invest $900 million in new battery research facilities, including a 500,000 square-foot cell prototyping building set to open by year-end. GM is collaborating with Peak Energy on sodium-ion battery cells for stationary energy storage, with commercial production expected around 2029, and will apply the same domestic sourcing priority to future EV battery cells. This strategy contrasts with rival Ford, which has faced criticism from the Trump administration for licensing technology from Chinese battery manufacturer CATL.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
What is FLOW? An Analysis of the Flow Blockchain Ecosystem and Its Current Status
-
2
Report: Hedge Funds Exit Bitcoin ETF Arbitrage Trades, Sovereign Wealth Funds and Retail Investors Step In
-
3
LS Cable subsidiary Gaon Cable secures W120b ($90m) US AI data center cable deal
-
4
Iranian President Pezeshkian stated that Iran is ready to expand cooperation with Turkey to serve common interests and enhance regional security.
-
5
Global Business Forum Urges Business Leaders to Embrace AI and Rethink Strategies
-
6
Unlimit founder backs Phase blockchain with $45M as mainnet launches
-
7
Google and Microsoft's Q3 capital expenditure falls short of estimates, raising concerns about AI build-out costs and delays
-
8
Iran's Islamic Revolutionary Guard Corps claims to have shot down a US-made MQ-1 drone near the Strait of Hormuz.
-
9
Event prediction platform Kalshi completes $1 billion funding round, reaching a valuation of $40 billion, with non-sports revenue run rate exceeding $1 billion.
-
10
New ECB staff estimates show bond yield rise cutting 2027-28 growth by a cumulative 100 BPS and inflation by 90 BPS vs Sept baseline.
Markets Today
Recommended Reading



