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Why GM is betting on a new type of EV battery
- General Motors is developing lithium manganese rich (LMR) batteries with an ideal balance of cost and range for certain EVs, in addition to existing lithium-ion batteries.
- The LMR batteries are planned for commercial production in 2028 and offer over 400 miles of range, surpassing LFP cells in energy density.
- GM aims to reduce cobalt usage for cost efficiency and increase energy density by adjusting the nickel and manganese proportions in the batteries.
- The company plans to use a variety of battery chemistries across different vehicle segments to optimize performance and cost.
- GM is investing in battery production facilities and innovative cell technologies to support its expanding EV lineup in the US and globally.
- The company's strategic approach includes offering diverse EV models, increasing market share, and launching new electric vehicles like the Cadillac Lyriq.
- Despite challenges, GM remains committed to EV development and expanding its presence in the electric vehicle market.
- GM's battery advancements and production strategies position it as a key player in the EV industry, competing with Tesla and investing in various EV segments.
- The company's focus on cost-effective battery technologies and efficient production processes demonstrates its dedication to innovating in the EV space.
- GM's efforts in battery innovation and expanding its electric vehicle lineup showcase its commitment to sustainable transportation solutions.
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