General Motors (GM) is set to introduce a new lithium manganese-rich (LMR) battery technology in its electric vehicles (EVs) starting in 2028, aiming to reduce costs and enhance the profitability of its larger electric SUVs and trucks.

GM anticipates that its "groundbreaking" LMR prismatic battery cells will utilize more prevalent and less expensive minerals, resulting in lighter and more cost-effective batteries and packs. The company claims that this innovation will enable them to be the first to market with this technology.

The move to LMR batteries is expected to significantly alter the EV market landscape due to the potential for lower production costs and increased accessibility. While GM has not yet issued a direct quote on the matter, industry analysts suggest this development could accelerate the adoption of EVs by making them more affordable for consumers.

GM's investment in new battery technology aligns with a broader industry trend of seeking more sustainable and economical energy storage solutions. The current reliance on certain rare and expensive minerals poses a challenge to the long-term viability of EV production. By diversifying the materials used in batteries, GM aims to mitigate these risks and secure a more stable supply chain.

Experts predict that if GM successfully implements LMR batteries, it could set a new standard for the industry, potentially leading other automakers to follow suit. This shift could result in a more competitive EV market, with lower prices and a wider range of available models.