General Motors Stock News

General Motors Company (NYSE:GM) and LG Energy Solution are developing a new lithium manganese-rich (LMR) battery cell designed to power GM's future electric trucks and SUVs, the automaker said on Tuesday. The company said the new cells will deliver higher energy density and lower costs, with US production expected by 2028.

General Motors and battery partner LG Energy Solution are planning to start commercial production of lower-cost cells for future electric vehicles at a U.S. facility starting in 2028, the companies said on Tuesday.

GM expects to pioneer a new "groundbreaking" EV battery technology that the automaker says will reduce costs and boost profitability of its largest electric SUVs and trucks. GM says lithium manganese-rich (LMR) prismatic battery cells will be used in its EVs beginning in 2028.

General Motors revealed Tuesday a new battery chemistry called lithium-manganese-rich (LMR), which it says should slash costs while delivering driving range that's just shy of the most advanced batteries on the market.

Even with President Trump reaching a breakthrough trade deal with China, many companies haven't been able to avoid the sting of tariffs. One of the industries that has the most focus is automakers.

GM has hired Sterling Anderson, a former Tesla executive and cofounder of autonomous vehicle company Aurora innovation, as its chief product officer.

General Motors has hired Sterling Anderson, co-founder of self-driving trucking company Aurora, as its executive vice president of global product, the company said Monday.

General Motors has turned to Sterling Anderson, a veteran of the autonomous vehicle industry, to oversee its entire product line of gas-powered and electric vehicles in a newly created job that will touch nearly every department at the U.S. automaker. The new VP of global product and chief product officer position will cover the entire lifecycle of GM portfolio and include hardware, software, s...