GM (GM) Plans Chinese Battery Use Amid Tariffs, Preps U.S. Production

General Motors Company (NYSE:GM) is one of the best battery tech stocks to buy right now. General Motors Company (NYSE:GM) is considering buying batteries from Contemporary Amperex Technology (CATL), a Chinese company, for the second version of the Chevrolet Bolt electric car, according to an August 7 report from the Wall Street Journal.

This move will happen even though there are tariffs on goods from China. People close to the plan told Christopher Otts at the Wall Street Journal that GM will use these batteries for about two years. During this time, LG Energy Solution, a Korean company working with GM, will start making cheaper batteries in the United States. This step lets GM keep building cars without waiting for local production to begin. Choosing to get batteries from China shows how important it is for GM to have enough supplies, even if it costs more because of the tariffs.

When LG Energy Solution begins making batteries in the U.S., GM hopes to rely less on imports. This plan shows how car companies try to balance costs and make things at home. Overall, GM’s choice to buy batteries from China for now is a practical way to keep making electric cars during a time when demand is growing fast.

GM is a battery tech stock because it invests heavily in battery production and technology to power its electric vehicles. The company partners with suppliers and plans domestic manufacturing, aiming to lead in battery innovation and secure its position in the growing EV market.

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