GM Bets $900M on New EV Batteries, AI

General Motors is investing $900 million in next-generation LMR batteries and a new Battery Cell Development Center to significantly reduce electric vehicle costs. This initiative aims to make EVs like the Chevrolet Silverado EV up to $6,000 cheaper by improving battery chemistry, which will preserve range while cutting expenses. Additionally, GM is leveraging a combination of in-house and external AI models to accelerate its vehicle development cycle, integrating artificial intelligence across various business functions. This strategic move underscores GM's commitment to both cost-effective EV production and technological advancement in automotive engineering.