GM to Source Batteries From China’s CATL for Low-Cost Bolt EV

General Motors Co. plans to purchase electric-vehicle batteries from China to power its upcoming entry-level EV until it can procure US-made batteries through its partnership with South Korea’s LG Energy Solution.

The automaker said in a statement Thursday that it would look to foreign suppliers of lithium iron phosphate batteries for the Chevrolet Bolt EV until in 2027. “To stay competitive, GM will temporarily source these packs from similar suppliers to power our most affordable EV model.”

China’s Contemporary Amperex Technology Co. will supply the lithium iron phosphate, or LFP, batteries, according to a person familiar with the matter. ...