GM and LG Plan to Manufacture Lower-Cost EV Batteries by 2028

Published 18 hours agoGM

GM and LG Plan to Manufacture Lower-Cost EV Batteries by 2028

General Motors (GM) and LG Energy Solution have unveiled plans to develop and produce lithium manganese-rich (LMR) battery cells designed to enhance the affordability and efficiency of electric vehicles (EVs). Starting in 2028, the companies will manufacture these new prismatic LMR cells at one of their existing Ultium Cells joint-venture facilities, either in Ohio or Tennessee, Reuters reported.

These prismatic LMR cells aim to deliver over 400 miles of range on a single charge, specifically targeting electric trucks and full-size SUVs. This innovation is part of GM's strategy to reduce the battery pack's components by over 50%, thereby cutting down battery costs by $30 per kilowatt-hour by 2025, which is a significant cost reduction in the EV industry.

GM is building on its approach to diversify its battery supply chain by embracing various battery chemistries and designs to improve range, performance, and cost-effectiveness. The company aims to be the first automotive manufacturer to bring LMR technology to market, although competitors such as Ford are exploring similar technological advancements. Axios highlighted that this move aligns with GM's ongoing efforts to push the boundaries of EV technology.

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