This next-generation batteries are even more advanced than the new Ultium battery that it unveiled in March. This $2.3 billion battery production joint venture in Ohio with Korean partner LG Chem will be called Ultium Cells LLC.
They emphasized that their core battery strategy is about building a better cell, and then using it in a modular way for vehicles of every size and shape.
Earlier this year GM reiterated that they intend to sell 1 million electric vehicles a year in 2025 in the United States and China.
GM and LG Chem are pursuing a variety of ways to reduce battery costs, and are investigating such initiatives as investing in mines, hedging metals prices and partnering with metals refiners.
However, the company did not specify a timeline for introduction of the million-mile battery, but said “multiple teams” at GM are working on such advances as zero-cobalt electrodes, solid state electrolytes and ultra-fast charging.
This is a wire agency feed edited by Clean-Future Team