GM is investing in localizing battery production to enhance the quality and speed of its battery technology, specifically the new LMR batteries, which promise more range at reduced costs. Though some credit may go to the current administration, GM has been developing this technology long before. The company is improving its facilities to ensure every production challenge is addressed ahead of launching new products. GM's strategy parallels Ford's recent advancements in battery technology, indicating a competitive landscape focused on electric vehicle performance improvements.
If LMR delivers on the promise, we'll have a battery technology that delivers more range for less money.
The company now has the facilities to build the highest-quality battery solution that it can.
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