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.
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.
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