GM pivots to lower-cost EV batteries with eye on Hyundai tie-up

Former Tesla executive leads U.S. automaker's strategy shift

20241009N GM

General Motors seeks greater use of less-expensive LFP batteries for its electric vehicles. © Reuters

AZUSA KAWAKAMI, Nikkei staff writers

NEW YORK -- General Motors is rejiggering its electric vehicle battery strategy to increase the procurement of low-cost varieties as the automaker explores a new partnership with Hyundai Motor.

Kurt Kelty, GM's vice president of batteries, announced the strategic shift during an investor briefing Tuesday, including plans to drop the Ultium brand for its EV platform.

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