Teck Resources Ltd.’s chief executive officer warned the Canadian government that it isn’t doing enough to foster development in the critical minerals sector.
As it drops Ultium branding from its EVs, GM is readying lower-cost LFP cells for its next-generation Bolt that may make it the most affordable EV on the market.
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InsideEVs also reports that GM is in talks with Japanese firm TDK Corp. to manufacture LFP cells in the U.S. using tech licensed from CATL. It was reported earlier this year that GM was seeking a U.S. battery-supply deal with CATL directly, despite "foreign entity of concern" language introduced into federal EV tax credit rules presenting a legal gray area for manufacturing of batteries derived from Chinese intellectual property.
To date, GM has focused on a specific NMC pouch cell format co-developed with LG, but in 2023 CEO Mary Barra said the automaker was flexible on battery cells and had been looking at other formats all along. Now the automaker appears ready to put its money where its mouth is, which is likely also a factor in the decision to drop the Ultium branding mostly associated with its initial pouch cells as it looks to diversify.
Uptake in the U.S. has been slow, but that's changing, with Ford already seeking to manufacture LFP cells under license from CATL.