GM's Push to Cut EV Costs with New Battery Technologies

Published 6 hours agoGM

GM's Push to Cut EV Costs with New Battery Technologies

General Motors (GM) is making significant strides to lower the cost of electric vehicles (EVs), with the introduction of Lithium Iron Phosphate (LFP) battery technology into its upcoming models like the Chevrolet Silverado EV and next-generation Chevrolet Bolt. By adopting LFP batteries, GM expects to cut battery pack costs by up to $6,000 per vehicle, which could make EVs more affordable for a broader audience, according to ev.com.

Partnerships also play a crucial role in this cost-cutting effort. GM has teamed up with Samsung SDI in a $3.5 billion venture to construct an EV battery factory in Indiana, targeting the production of cost-effective prismatic battery cells. Reuters has highlighted that these collaborations are part of GM's broader strategy to diversify its battery supply chain and reduce overall expenses, a key factor in making EVs more appealing to consumers.

GM is further broadening its efforts by extending its partnership with LG Energy Solution to develop prismatic cells and by securing a long-term nickel supply with Canadian miner Vale to stabilize material costs. Additionally, the company is optimizing its manufacturing efficiencies, targeting cost savings that can be transferred to the consumer. Through these comprehensive strategies, GM is committed to its vision of leading a more accessible, all-electric future.

Share this article

Twitter Facebook LinkedIn

Recent Articles

U.S. Set to Grant Chevron Limited License for Venezuela Operations

U.S. Set to Grant Chevron Limited License for Venezuela Operations

The U.S. government is on the verge of issuing a narrow waiver to Chevron, enabling it to carry out minimal maintenance and vital safety operations in Venezuela. This decision, coming from the U.S. Treasury Department, is crucial as Chevron's current operational license is nearing its expiration date. Reuters reported that while the license allows for necessary upkeep, it does not permit any new drilling or efforts to increase production. Chevron's limited license aims to maintain essential safety and operational standards without expanding its current activities in Venezuela. This comes as a strategic move in a broader geopolitical context where oil production activities in Venezuela have seen a subtle resurgence since 2023, partly due to international companies like Chevron continuing their limited operations. The backdrop to this development includes notable geopolitical and political dynamics. Earlier in 2025, President Trump rescinded a license previously given to Chevron, highlighting unmet electoral commitments and logistical delays in deportations. The move to issue this new limited license occurs alongside escalating political tensions, with the Venezuelan opposition urging election boycotts and the government solidifying its position ahead of elections, as reported by AP News.

Apple Faces Tariff Pressure and Legal Challenges

Apple Faces Tariff Pressure and Legal Challenges

5 hours agoAAPL

Apple is navigating a challenging landscape as it faces mounting pressure from various fronts. President Donald Trump has recently threatened to impose a 25% tariff on Apple and Samsung products unless production is shifted to the U.S. This comes in response to Apple's ongoing efforts to move iPhone manufacturing from China to India to sidestep existing tariffs, according to the Financial Times. In addition to the tariff threats, Apple is dealing with legal and regulatory hurdles. These include a hefty €13 billion tax fine from the European Union and potential new antitrust laws that could force the company to allow the sideloading of apps, impacting its strict app ecosystem. The BBC reported on the EU fines, while The Hill highlighted the implications of the proposed antitrust legislation. A recent legal battle adds to Apple's challenges, as a federal judge blocked an attempt by the Trump administration to revoke Harvard University's certification to enroll international students—a move reflecting broader judicial trends that could also affect Apple. These pressing issues demonstrate the intricate political and legal environment that Apple must navigate.

Trump Endorses Nippon Steel's Acquisition of U.S. Steel, Boosting Shares by 21%

Trump Endorses Nippon Steel's Acquisition of U.S. Steel, Boosting Shares by 21%

President Donald Trump has given his approval to Nippon Steel's $14.9 billion bid to acquire U.S. Steel, causing a substantial 21% surge in U.S. Steel's stock. This endorsement marks a significant development as it comes after the deal's review by the Committee on Foreign Investment in the U.S. Addressing concerns about national security, CFIUS gave the green light with certain conditions, paving the way for the acquisition to proceed. As part of the merger's economic advantage, Reuters notes that the initiative is expected to generate at least 70,000 jobs while adding $14 billion to the U.S. economy over the forthcoming 14 months. Nippon Steel has also pledged an impressive investment commitment of up to $4 billion for the construction of a new steel mill, with most of this spending projected within the same period. Despite the change, U.S. Steel is set to remain American-owned, a point emphasized by the company to maintain its national identity. Officials, including Pennsylvania Senator Dave McCormick, have praised the agreement not only for preserving existing employment but also for creating an additional 14,000 jobs, underscoring the deal's political and economic significance, particularly in the key state of Pennsylvania.

GM's Push to Cut EV Costs with New Battery Technologies

GM's Push to Cut EV Costs with New Battery Technologies

General Motors (GM) is making significant strides to lower the cost of electric vehicles (EVs), with the introduction of Lithium Iron Phosphate (LFP) battery technology into its upcoming models like the Chevrolet Silverado EV and next-generation Chevrolet Bolt. By adopting LFP batteries, GM expects to cut battery pack costs by up to $6,000 per vehicle, which could make EVs more affordable for a broader audience, according to ev.com. Partnerships also play a crucial role in this cost-cutting effort. GM has teamed up with Samsung SDI in a $3.5 billion venture to construct an EV battery factory in Indiana, targeting the production of cost-effective prismatic battery cells. Reuters has highlighted that these collaborations are part of GM's broader strategy to diversify its battery supply chain and reduce overall expenses, a key factor in making EVs more appealing to consumers. GM is further broadening its efforts by extending its partnership with LG Energy Solution to develop prismatic cells and by securing a long-term nickel supply with Canadian miner Vale to stabilize material costs. Additionally, the company is optimizing its manufacturing efficiencies, targeting cost savings that can be transferred to the consumer. Through these comprehensive strategies, GM is committed to its vision of leading a more accessible, all-electric future.