GM reconsiders LFP batteries for future EVs, may prioritize lithium manganese-rich chemistry

Product / TechIndustry
โดย Reuters·Read original
Summary · why it matters

General Motors is reconsidering plans to use lithium-iron phosphate batteries for future electric vehicles, battery chief Kurt Kelty told Reuters on June 10. Kelty said there is a possibility that LFP does not earn its way into the company's portfolio, while calling lithium manganese-rich chemistry the workhorse for future high-volume deployment. The Detroit automaker still plans to begin LFP production at its Tennessee plant this month, but those cells will be used for energy storage systems rather than EVs. Kelty noted that LMR offers similar U.S. production costs with higher energy density, and that development of the chemistry is on schedule despite technical challenges limiting near-term mass adoption. Rivals including Tesla, Rivian, and Ford have added LFP-based EVs to cut costs, while GM continues to rely on nickel-rich batteries across its EV lineup.

Impact on stocks 5

Electrification & Mobility▼ · 4 stocks
General Motors Company
GM
± MixedTechnologyrelevance

GM reconsiders LFP batteries for future EVs, may prioritize LMR chemistry, but LFP production still starts for energy storage, and LMR faces technical challenges.

Ford Motor Company
F
▼ NegativeCompetitionrelevance

GM may skip LFP, which rivals like Ford use to cut costs, potentially giving Ford a cost advantage.

Rivian Automotive Inc
RIVN
▼ NegativeCompetitionrelevance

GM's LMR focus could challenge Rivian's LFP-based strategy if LMR proves superior.

Tesla Inc
TSLA
▼ NegativeCompetitionrelevance

GM's LMR development may compete with Tesla's LFP adoption, potentially reducing Tesla's cost advantage.

Artificial Intelligence▲ · 1 stocks

Theme Impact 3

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