Automaker General Motors is betting big on a next-generation battery chemistry known as lithium-manganese-rich cells.
Unlike the lithium-ion batteries used in most electric vehicles, LMR cells use metals that are cheaper and more abundant.
As the Financial Times reported, General Motors hopes this new battery technology will help its EV fleet perform better at a lower cost.
Meanwhile, EV drivers are discovering they can save significant money by charging their vehicles at home rather than at public charging stations.
Kurt Kelty, the head of General Motors' electric vehicle business, called the investment "ambitious and risky."
"We are going to win the LMR race, and in 2028, when we introduce our product, we're going to be kicking butt, we're going to be selling a lot of these vehicles," Kelty said, per FT.
This alternative battery news is encouraging because battery costs are among the most significant factors in EV production costs. Reducing EV battery costs is a key factor in making EVs more affordable for mainstream buyers and accelerating EV adoption.
General Motors has experienced a challenging transition to EVs in recent years. However, new battery technology could help the company close the gap and become more competitive against EV rivals like Tesla.
Save $10,000 on solar panels without even sharing your phone number Want to go solar but not sure who to trust? EnergySage has your back with free and transparent quotes from fully vetted providers in your area. To get started, just answer a few questions about your home — no phone number required. Within a day or two, EnergySage will email you the best options for your needs, and their expert advisers can help you compare quotes and pick a winner. Solar panels can save you more than $50k over their 25-year lifespan, and EnergySage can help you save as much as $10k on installation. Which begs the question — isn't that worth an email or two? |
Although LMR technology remains uncertain, its success could reshape EV cost structures and automaker competitiveness for decades to come.
Whether you choose a General Motors EV or another brand, cleaner vehicles can help you save significantly on gas and maintenance costs while reducing pollution.
|
Which of these savings plans for rooftop solar panels would be most appealing for you?
Click your choice to see results and earn rewards to spend on home upgrades. |
Save $1,000 this year 💸 To save money on charging your EV, Qmerit helps homeowners get free estimates for home charger installation. Having solar panels at home can further enhance EV ownership savings by reducing your charging costs.
TCD's Solar Explorer can help you get started evaluating your solar options if you don't yet have panels on your house. TCD's solar partners connect you with opportunities to save up to $10,000 on the installation costs.
All of these savings, combined with the promise of General Motors' LMR battery technology, stand to make EVs the practical, affordable, and sustainable approach to driving for the future.
"Love innovation," one Financial Times reader commented on the news. "Hope LMR makes it."
"It is not just the best battery tech needed to compete with the Chinese; it is reinventing the entire supply chain, new factories, new materials, everything rebuilt from the ground up with at least 30-40% cost reduction across the board," someone else wrote.
Get TCD's free newsletters for easy tips to save more, waste less, and make smarter choices — and earn up to $5,000 toward clean upgrades in TCD's exclusive Rewards Club.
Cool Picks
