GM in talks to buy Chinese EV batteries built in the US, Bloomberg News reports

(Reuters) - General Motors (NYSE:GM ) is in talks to buy electric vehicle batteries relying on technology from China's CATL, assembled at a new plant to be built in the US, Bloomberg News reported on Thursday, citing people familiar with the matter.

The factory would be funded and operated by Japanese consumer electronic firm TDK (OTC:TTDKY ) Corp, the report added.

Source: Investing.com