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South Korean companies are reconsidering their $54 billion investment blitz to build EV battery plants in the U.S. over concerns President-elect Donald Trump could undo tax credits for EVs.

DETROIT — General Motors has reached an agreement to sell its stake in a nearly completed electric vehicle battery plant in Lansing, Mich.

The move caps months of talks with owners, customers and creditors to find a way for Europe’s rare homegrown maker of EV batteries to continue operations.

CATL is in talks to establish battery recycling operations in Europe, adding to its footprint in the region as the company prepares to start cell production in Hungary.

Northvolt is scrambling to pull together emergency funding after a previous plan fell apart, according to sources, leaving the battery maker with dwindling options as it runs low on cash.

Northvolt AB, the cash-strapped European battery maker, reached a deal to sell its U.S. factory to a startup that’s trying to reduce America’s reliance on China for batteries.

Under terms of the grant program, FRA will pay no more than 80% of a project’s cost, with a minimum 20% match that can include in-kind contributions.

China’s Contemporary Amperex Technology Co. on Oct. 24 unveiled a new battery designed for hybrid vehicles in an effort to wean more drivers off gasoline-guzzling cars.

Clarios is introducing technology that predicts battery health, informing drivers, fleet managers and maintenance teams of a battery’s status.

General Motors is in discussions to buy EV batteries that would use technology from China’s CATL and be assembled at a new plant slated to be built in the U.S., Bloomberg reports.