US EditionGM’s New Battery Formula Could Be The Key To Lower EV Prices
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GM’s New Battery Formula Could Be The Key To Lower EV Prices
General Motors is embracing cheaper lithium iron phosphate battery packs. They’ll be built in Tennessee and production is slated to begin in late 2027. The new batteries promise “significant” savings compared to other chemistries. Last month, General Motors announced Fairfax Assembly would begin building the redesigned Chevrolet Bolt by the end of the year. That was expected, but the company also teased future investments for their “next-generat…
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