The limited supply of new and used vehicles is forcing some Americans to go to great lengths to find and buy them, including traveling to dealers hundreds of miles away.
Beijing gave CATL lavish subsidies, a captive market of buyers and soft regulatory treatment, helping it to control a crucial technology of the future.
The company’s Lexus brand will only sell electric cars by 2030 in China, Europe and the United States.
The company will make electric pickups at an existing plant and batteries at a factory built with a partner, a person with knowledge of the plan said.
Its battery supply chain runs through China, and that’s not changing any time soon.
Amid a shortage of new cars, many buyers have been forced to kick the tires of overlooked models and brands.
General Motors has recalled 141,000 Bolts to replace battery packs that can catch on fire because of manufacturing defects.
G.M. hopes to develop ride-hailing services that use autonomous cars, create insurance products and expand its defense contracting work.
The National Highway Traffic Safety Administration said battery fires in Tesla’s electric vehicles when no crash was involved were “rare events.”
The electric-car maker has weathered the global shortage of semiconductors better than more established rivals.