GM and LG plan to start commercial production of cost-effective EV batteries by 2028, aiming to reduce costs and meet rising global EV demand.

GM says the new cells will be cheaper for a few reasons. For one, manganese is cheaper than cobalt or nickel. The LMR chemistry will have 0-2% cobalt, 30-40% nickel, and 60-70% manganese. That’s significantly less than today’s leading NMC cells, which are up to 10% cobalt and 80% nickel.

General Motors and LG Energy Solution have announced a new phase in their ongoing partnership: developing a new battery cell chemistry that could significantly lower the cost of electric vehicles. The joint effort centers on lithium manganese iron phosphate (LMFP) battery cells,

General Motors aims to deploy the industry's first lithium manganese-rich (LMR) batteries on its next-generation electric trucks and SUVs, tapping an alternative chemistry that it claims will provide more energy at a lower cost.