Bill Pugliano
·
gettyimages.comGM's Global Battery Deal
Curated by
feylune
1 min read
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According to Bloomberg News, General Motors is in discussions to purchase electric vehicle batteries that would utilize technology from China's CATL, with assembly taking place at a new US plant operated by Japan's TDK Corp.
Impact on US Job Market
General Motors (GM) plays a significant role in the U.S. job market, supporting a total of 709,100 jobs nationwide as of 2022, including 97,000 direct employees
1
. The company's economic impact extends beyond its direct workforce, with a job multiplier effect of 7.3, meaning for every GM employee, an additional 6.3 jobs are supported in other industries2
. GM's presence is particularly strong in Michigan, where it directly employed 55,450 individuals and supported a total of 264,740 jobs in 20221
. However, the automotive industry is undergoing changes, as evidenced by GM's recent decision to cut over 1,000 software jobs globally, with 634 positions eliminated at its Warren Technical Center3
. This restructuring, while aimed at improving efficiency, highlights the evolving nature of employment in the automotive sector as it shifts towards electric and software-driven technologies.3 sources
CATL's Battery Technology
Chinese battery manufacturer and technology company
Founded
2011
Founder
Robin Zeng
Headquarters
Ningde, Fujian, China
CATL (Contemporary Amperex Technology Co., Limited) is a global leader in lithium-ion battery technology for electric vehicles and energy storage systems
1
2
. The company has developed innovative technologies to enhance battery performance, safety, and cost-effectiveness2
. CATL's battery solutions include the Shenxing PLUS Battery, which offers a 1,000km range and 4C superfast charging, and the Qilin Battery featuring CTP3.0 technology for improved energy density and thermal management3
. CATL's batteries are widely used by major automakers worldwide, including Tesla, Volkswagen, BMW, and Toyota2
. The company's advanced manufacturing techniques, such as the cell-to-pack method, have increased energy density from 140-150 Wh/kg to 200 Wh/kg while improving production efficiency4
.4 sources
TDK's Role in Production
TDK Corporation, a leading electronic components manufacturer, plays a crucial role in the production of various electronic devices and systems. The company specializes in magnetic technology and offers a wide range of components essential for smartphones, personal computers, electrical appliances, industrial equipment, and automobiles
1
. TDK's expertise extends to the production of high-reliability electronic components, including RF components and power supply products, which are vital for the development of telecommunications infrastructure such as base stations and servers1
. With over 100,000 team members across 250 locations in more than 30 countries, TDK's global presence enables it to contribute significantly to the manufacturing and innovation of electronic components worldwide2
3
.3 sources
Related
What are the main products TDK manufactures
How does TDK contribute to the development of 5G technology
What role do TDK's components play in automotive safety
How has TDK's history influenced its current global presence
What are some examples of TDK's innovations in magnetic technology
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