GM Prepares New Battery Formula, Could Be Key To Lowering Electric Vehicle Prices

JAKARTA - General Motors continues to innovate by not only presenting the latest car model, but also through a new battery formulation that can make car prices more affordable.

Quoting from the Carscoops page, Tuesday, July 15, it is reported that GM is currently intensively developing affordable electric vehicles because the Ultium Cells plant in Spring Gill Tennessee will be upgraded to produce low-cost LFP batteries, and production is scheduled to take place by the end of 2027.

The manufacturer does not talk much but targets significant battery cost savings by adopting the LFP. This step is also predicted to increase consumer choice.

The company also claims that the upgrade at the Spring Hill site will allow GM to increase production of low-cost LFP cell technology in the US, which further diversifies its growing EV portfolio.

There is no information about which vehicle will be equipped with the battery, but looking at Spring Hill Manufacturing will produce Cadillac Lyriq and Vistiq later. However, the battery is likely intended for affordable EVs, not a luxury model.

So, it is likely that GM will produce affordable electric cars thanks to the presence of the batteries, and also not a luxury model.

Batteries become important components

GM also considers that batteries are one of the important components, quoted from the Motor1 page, the manufacturer is also developing a lithium-mangan-rich (LMR) battery on full-sized trucks and SUVs starting in 2028.

These new chemicals mark the main axis, not only of nickel-mangan-cobalt (NMC) and lithium-iron-phosphate (LFP) batteries today, but also of GM's long-lasting pocket cells.