SHANGHAI (Reuters) – General Motors (GM.N) will “work very closely” with Chinese electric vehicle battery maker Contemporary Amperex Technology Ltd (CATL) (300750.SZ) as it ramps up electric production in the world’s biggest auto market, a senior executive said.
FILE PHOTO: Buick’s electric vehicle(EV) Velite 6 of GM is unveiled during the media day for Shanghai auto show in Shanghai, China April 15, 2019. REUTERS/Aly Song/File Photo
The Detroit automaker said in March it would invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk’s Tesla Inc (TSLA.O) in the sector.
“We have already established a good working relationship and supply agreement with CATL,” said Julian Blissett, GM’s China president. “We will work very closely with CATL in the future.”
“We are not planning on importing any major components for new energy vehicles. The drive units,