General Motors (GM) and LG Energy Solution announced plans to commence commercial production of lower-cost lithium manganese-rich (LMR) battery cells at a U.S. facility by 2028. These innovative cells will enable longer ranges for electric vehicles while utilizing fewer components than current nickel-rich cells, significantly reducing production complexity. As GM seeks to achieve cost parity with traditional gas vehicles, it aims to enhance the affordability of EVs. Vice President Kurt Kelty expressed the need to promote EV adoption by balancing performance and cost.
The cells will have a lithium manganese-rich (LMR) chemistry, which GM says is lower cost than the nickel-rich cells used today, but will still give customers the range they want in future electric trucks and full-size SUVs.
We're adopting flexible chemistries for the best balance of range, performance and affordability,
My mission here is to get as many EVs on the road as possible. We need to get price parity with (internal combustion engine vehicles) and then this thing's just going to take off.
It's expected to eventually employ 2,500 people. Despite word on Tuesday that Honda was postponing plans for its Ontario EV plant by at least two years, the NextStar plant still remains on track.
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