Inside GM’s $900M EV battery gamble
techcrunch.com Jun 8, 2026

Inside GM’s $900M EV battery gamble

AI-summarised brief · reviewed before publication

General Motors is investing $900 million in a new battery technology, LMR batteries, to reduce the cost of its electric vehicles. The company's new Battery Cell Development Center will bridge the gap between research and production. This initiative aims to preserve vehicle range while cutting costs, with the potential to make the Chevrolet Silverado EV $6,000 cheaper. GM's VP of battery and sustainability, Kurt Kelty, provided details on the company's plans. The investment is part of GM's efforts to make its EVs more competitive. The company is also leveraging AI to speed up its vehicle development cycle.

💡 Why It Matters

  • · GM's ability to cut EV costs without sacrificing range could give it a significant edge in the market.
  • · Affordable EVs can accelerate mainstream adoption, driving growth in the industry.