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00:02General Motors is developing next-generation battery cells aimed at reducing U.S. dependence on China
00:08and increasing the use of domestically sourced materials, according to CNBC.
00:15GM Battery Chief Kurt Kelty told CNBC the automaker wants a domestic supply chain within two to three years.
00:22GM has partnered with Denver-based Peak Energy to develop sodium-ion battery cells for energy storage systems
00:30using materials such as sodium from U.S. soda ash.
00:34Commercial production is expected around 2029.
00:37GM also plans to prioritize domestic battery production for future electric vehicles.
00:42Kelty said sodium-ion technology could help GM leapfrog China by offering lower costs.
00:48For all things money, visit Benzinga.com.
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