Domestic factories that make batteries to store power to meet America’s rising energy demand depend on Chinese components and federal subsidies.
A House Republican bill introduced this week would do away with tax credits that had encouraged Americans to buy electric vehicles and automakers to invest in new factories.
A House Republican bill introduced this week would do away with tax credits that had encouraged Americans to buy electric vehicles and automakers to invest in new factories.
LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors.
Mary Barra, G.M.’s chief executive, said that the company had fixed battery-manufacturing problems and that its electric vehicles would soon be profitable.
The agreement, if ratified, will cover 1,600 workers making batteries for General Motors in Ohio. The union said it would be a model for efforts elsewhere.
The automaker has placed a bet on battery-powered cars, but it has struggled to produce and sell the vehicles in large numbers.
Investment plans for U.S. battery production have increased since President Biden signed a law that offers generous incentives for electric cars and green energy.
Competition, government incentives and falling raw material prices are making battery-powered cars more affordable sooner than expected.
The result, at a plant owned by General Motors and a South Korean company, is a milestone for the auto union in organizing electric vehicle workers.