The key to the new battery cells is a different kind of chemistry. And with lower-cost batteries could come more affordable EVs.

GM and its partner LG Energy Solution plan to launch production of the technology, called lithium manganese-rich batteries, in the U.S. by 2028.

Options volume is relatively light, with 25k contracts traded and puts leading calls for a put/call ratio of 1.23, compared to a typical level

General Motors is promising a new electric vehicle battery that it says will be cheaper and have more range. It’s called the LMR battery, short for lithium manganese rich. General Motors officials said there are no EVs with this type of battery on the road currently because,

Legendary automotive designer William Porter has passed away in his Michigan home at the age of 93. His career as a designer for GM spanned 39 years.

The Detroit automaker says it will begin commercial production of lithium manganese-rich cells at an Ultium plant in Ohio or Tennessee.

The early repayment came on the same day GM announced its goal to become the first automaker to use a new, cheaper battery chemistry for electric vehicles.

The GM Brazil Proving Ground was selected by local authorities to conduct federal vehicle efficiency testing for all manufacturer makes and models.

The automaker's new VP of global product has previously worked on Tesla's Autopilot and co-founded a driverless trucking startup.