General Motors Co plans to add more links to its North American battery supply chain, adding to roughly 20 deals so far, in a key strategy to help the Detroit automaker narrow the gap with Tesla Inc in electric vehicle profitability.
GM Chief Executive Mary Barra and other executives are scheduled to brief investors on the automaker’s progress toward scaling up production capacity to deliver 1 million electric vehicles a year in North America by 2025.
Work is underway on new agreements to support higher levels of North American battery production, Sham Kunjur, GM’s executive director for EV Raw Materials’ Center of Excellence.
