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GM opens Battery Cell Development Center to cut EV costs by 10% and speed new battery rollout.

Market News
05 Jun 2026
TechCrunch
View Source
Bullish
pluang ai news

General Motors has launched its Battery Cell Development Center (BCDC) as part of a $900 million investment to reduce electric vehicle (EV) costs by nearly 10%. The facility will accelerate the development and production of a new lithium-manganese-rich (LMR) battery chemistry, which promises to lower costs while maintaining range, aiming for market readiness by 2028. This center bridges the gap between research and full-scale manufacturing, producing about 2,500 cells daily to test commercial viability before mass production. GM's focus on LMR reflects a strategic shift from pricier battery chemistries, helping the company compete globally amid rising material costs and intense competition, with AI-driven simulations further optimizing production efficiency.

More News (GM)

The Lemon Reps recover $3.2M for lemon law victims in 12 months with quick settlements.

The Lemon Reps recover $3.2M for lemon law victims in 12 months with quick settlements.

The Lemon Reps, a national lemon law firm based in Beverly Hills, has recovered over $3.2 million and resolved more than 1,500 defective vehicle cases in the past year. They report an average settlement time of about 90 days, helping consumers effici...

Market News
Bearish
19 hours ago
Polestar banned from US EV sales, but impact minimal due to near-zero sales.

Polestar banned from US EV sales, but impact minimal due to near-zero sales.

Polestar is blocked from selling its electric vehicles in the US because it lacks permission under the Connected Vehicles Rule, which restricts cars with technology controlled by Chinese companies. Despite this, Polestar's US sales have been nearly n...

Market News
Bullish
1 day ago
New report warns US auto market faces a 3-year new model drought, with hybrids rising and EVs stalling.

New report warns US auto market faces a 3-year new model drought, with hybrids rising and EVs stalling.

Veteran auto analyst John Murphy launched Murphy Automotive Partners and its MAPP report forecasting US new car releases through 2031. The report highlights a deep 3-year product drought in the US market, with average vehicle age hitting a record hig...

Market News
Neutral
1 day ago
GM unveils 2027 GMC Sierra 1500 with new V-8 engines and revamped design

GM unveils 2027 GMC Sierra 1500 with new V-8 engines and revamped design

General Motors revealed the 2027 GMC Sierra 1500 pickup trucks featuring new V-8 engine options, redesigned interior and exterior, and a streamlined model lineup including Pro, Elevation, AT4, AT4X, Denali, and Denali Ultimate trims. The new Sierra e...

Market News
Bullish
2 days ago
Toyota's U.S. sales rise nearly 1%, closing gap with GM as hybrids gain popularity over EVs.

Toyota's U.S. sales rise nearly 1%, closing gap with GM as hybrids gain popularity over EVs.

Toyota is set to report a nearly 1% increase in U.S. vehicle sales for the first half of the year, reaching 1.25 million units, while General Motors (GM) is expected to see a 7.2% decline to 1.33 million. Toyota's focus on hybrid vehicles, which are ...

Market News
Neutral
3 days ago
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