"General Motors is shifting its electric vehicle strategy from the costly nickel-manganese-cobalt chemistry to more affordable lithium-iron-phosphate batteries, promising reduced manufacturing costs."
"This pivotal change aims to improve accessibility for a broader audience, with GM's main suppliers, LG Energy Solution and Samsung SDI, set to establish LFP production facilities in the U.S."
General Motors is making significant changes to its electric vehicle (EV) battery production approach, transitioning from the expensive nickel-manganese-cobalt chemistry to more cost-effective lithium-iron-phosphate (LFP) batteries. With its key suppliers, LG Energy Solution and Samsung SDI, GM is planning to establish LFP battery production facilities in the U.S., potentially becoming a leader in this technology. This shift aims to lower manufacturing costs and enhance accessibility for consumers. The companies are retrofitting existing plants to support this change, indicating a rapid evolution in the EV battery landscape.
Read at InsideEVs
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