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Barchart
Yiannis Zourmpanos

General Motor’s Battery Pivot Could Change Everything for GM Stock

GM General Motors

General Motors (GM) is back in the spotlight following claims that the auto manufacturer may be reconsidering its approach to electric vehicle (EV) battery technology. Most manufacturers are betting on cheaper lithium-iron-phosphate (LFP) batteries; however, GM seems to believe that lithium-manganese-rich (LMR) batteries will eventually be the way forward.

The matter is relevant as battery cost efficiency is considered one of the key factors when developing an EV manufacturing strategy. As competition becomes fiercer, automakers have been looking into ways to make electric cars cheaper while retaining sufficient range and performance. It would seem that GM's statements indicate that LMR chemistry may provide an edge over LFP in the long run.

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