TechCrunch
05 Jun 2026, 17:44 UTC · 2h ago
GM's electric future depends on a new battery — and this building
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TechCrunch
05 Jun 2026, 17:44 UTC · 2h ago
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Story key points
4 claims · impact-rated
GM is transitioning its primary battery strategy toward a new lithium-manganese-rich (LMR) chemistry to replace the more expensive NMC chemistry for most vehicles. — A successful shift to a cheaper chemistry with similar energy density directly improves margins and makes EVs more price-competitive with ICE vehicles.
+0.60GM expects the new LMR battery chemistry to reduce the cost of its EVs by nearly 10%, including a potential $6,000 cost reduction for trucks like the Silverado EV. — Material cost reductions of this magnitude are a primary driver for mass-market EV adoption and improved bottom-line profitability.
+0.50GM has opened a new Battery Cell Development Center (BCDC) to accelerate the transition from research to mass production, aiming to bring LMR vehicles to market by 2028. — Reducing the 'valley of death' between lab-scale and gigafactory-scale production lowers execution risk and shortens time-to-market.
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GM previously took a $1.6 billion charge and laid off thousands of workers due to reconfiguration of its EV production capacity. — This highlights previous operational inefficiency and the high financial cost of GM's initial EV scaling attempts.
-0.20Ticker attribution
Model heads
The company is investing $900 million in a new battery center to slash EV costs and accelerate time-to-market, despite previous production charges.
Mentioned as a competitive pressure forcing GM to accelerate its battery strategy.
Mentioned as a competitive titan (CATL) creating pressure for GM to innovate faster.
Mentioned only as a previous employer of a GM executive with no impact on company performance.
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