GM Doubles Down on Battery Innovation
General Motors has quietly been building something big. While rivals focus on flashy features, GM has been working behind the scenes to revolutionize what matters most: the battery. Now, that hard work is paying off.
The company’s bold move to standardize its battery cells and build them in-house has helped lower production costs and speed up manufacturing. After a rocky 2023, GM has refined the system—and it’s now ready to scale.
LFP Batteries: Less Range, Major Savings
GM’s next step? A game-changing shift to lithium-iron phosphate (LFP) batteries. These batteries are less expensive to make, more stable, and still offer solid performance. They’re the same tech used by BYD, Ford, and Tesla in their value-focused EVs.
The new Chevrolet Silverado EV is the first to benefit. With LFP batteries, it will deliver 350 miles of range—down from 492—but it will also cost $6,000 less. For buyers, that’s a compelling trade-off.
Silverado EV: A Real Workhorse, Now Cheaper
Let’s talk numbers. Today’s Silverado EV Work Truck starts at $55,000. The retail version? A hefty $73,100. Top trims like the RST First Edition push close to $100K.
With a $6,000 cut, GM could finally bring this truck closer to what everyday buyers expect. A 350-mile range still covers most driving needs, especially for fleets and commuters. Lower prices mean higher adoption—and more electric trucks on the road.
Bolt Is Back—And Getting the LFP Treatment Too
While GM hasn’t revealed much about the new Bolt, execs confirmed it will also use LFP batteries. Expect a compact, sporty crossover called the “Funbolt” to join the lineup—built with budget in mind.
The Big Picture
LFP batteries are quickly becoming the EV industry’s budget engine. Less range? Maybe. But lower prices, safer packs, and simpler builds are a win for everyone. GM isn’t just catching up—it’s making EVs make sense for more drivers.
