Oct. 16 at 10:27 PM
$NNOMF GM's LFP battery strategy
Production: GM will start producing LFP batteries at the Ultium Cells plant in Spring Hill, TN, in late 2027.
Cost: The move is driven by the lower cost of LFP batteries, which use cheaper materials like iron and phosphate instead of nickel and cobalt. This is expected to reduce EV costs significantly.
And you did not see this coming ?? :) Posco way to expensive production
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