General Motors has invested $900 million in its electric future, focusing on developing a new battery chemistry known as LMR, which is expected to be almost as energy-dense as the current NMC chemistry but at a lower cost. The new chemistry will preserve most of the vehicle's range while slashing costs by at least $6,000. A new Battery Cell Development Center at its Warren Tech Center will serve as a pilot line to determine if new batteries are ready for production. Read more...
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