GM Exec Says Bolt Lithium-Iron Batteries Will Come From China, Supplier Not Identified
Portfolio Pulse from Benzinga Newsdesk
A GM executive has announced that the lithium-iron batteries for the Bolt will be sourced from China. The supplier has not been identified yet.
October 24, 2023 | 1:09 pm
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NEUTRAL IMPACT
GM's decision to source lithium-iron batteries for the Bolt from China could potentially impact its supply chain and costs.
The sourcing of batteries from China could potentially lead to changes in GM's supply chain and costs. However, without knowing the supplier, it's difficult to predict the exact impact. The news is highly relevant to GM as it directly pertains to one of their products, the Bolt.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100