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General Motors CEO Mary Barra on Wednesday once again pushed back on the company spinning off its emerging electric-vehicle battery business.

Keeping the unit within GM will create more value for the company than spinning it off, Barra said.

"For an electric vehicle, it's all about the battery," she told CNBC's "Squawk on the Street." "I think keeping that technology close and leveraging the deep battery expertise we have at General Motors is the way we're going to accelerate that value creation."

Barra touted the company's plans to sell its Ultium battery cells as well as its Hydrotech fuel cell technology to other companies. GM has a deal with Honda Motor for two EVs. The company also announced this week the signing of a memorandum of understanding for GM to engineer and supply its Ultium battery and Hydrotec systems for Wabtec freight locomotives. 

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