GM is pivoting away from the Ultium cells that were the centerpiece of its EV strategy.
Automotive EngineeringGM Sells Its Share of Michigan Ultium Battery Plant to Raise Cash for Chinese Market Write DownGM Sells Its Share of Michigan Ultium Battery Plant to Raise Cash for Chinese Market Write Down
The deal raises a billion dollars while offloading a portion of a battery business that GM has decided is not strategically important.
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