financetom
Business
financetom
/
Business
/
Exclusive-GM may ditch LFP batteries for future EVs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Exclusive-GM may ditch LFP batteries for future EVs
Jun 10, 2026 12:12 PM

SAN FRANCISCO, June 10 (Reuters) - General Motors ( GM ) may scrap plans to use a lower-cost, iron-based battery chemistry that many automakers are using to cut electric-vehicle costs, GM's head of battery technology said. 

The Detroit automaker had said it planned to develop lithium-iron phosphate, or LFP, batteries for use in future EV models, and would begin making those batteries in late 2027 at a jointly owned plant in Tennessee.

But GM battery chief Kurt Kelty told Reuters that GM instead is focused on developing a different battery chemistry, lithium manganese-rich, or LMR, which the company has said costs about the same as LFP to make in the U.S., but can store more energy for the same weight and size. 

Kelty said GM may no longer pursue LFP for use in EVs. He said the Tennessee factory will start production this month of LFP cells, but those are for energy storage systems.

"There is a possibility where LFP does not earn its way into our portfolio," Kelty said following a GM event in San Francisco on Tuesday, calling LMR the "workhorse" for GM. "That's where we're going to be using the big volume," he said.

GM has been working on LMR for over a decade. Its crosstown rival, Ford Motor ( F ), last year said it was working to scale LMR chemistry for use in future EVs. 

Despite the chemistry's advantages, including reducing reliance on critical minerals, technical challenges such as the battery weakening with use mean mass adoption is not expected anytime soon, S&P Global said last year.

RIVALS EMBRACE LFP CHEMISTRY

Bypassing LFP would mark a significant departure from the battery strategies of many of GM's competitors.  

Chinese carmakers pioneered the use of the lower-cost LFP chemistry, which is less dense - resulting in shorter driving ranges - but also cheaper and considered safer and more durable than the nickel-rich batteries used by many U.S. and European automakers.

Many global automakers, including Tesla,  Rivian and Ford Motor ( F ), have added LFP-based EVs to cut costs and offer more-affordable electric options as demand for battery-powered cars slows in the U.S.

GM has released more than a dozen U.S. EVs over the past few years, all using a more powerful nickel-rich chemistry. But its recently launched Chevrolet Bolt, its least expensive EV for the U.S. market, uses LFP cells from Chinese battery giant CATL, Reuters and other media outlets have reported.

GM said last year its goal was to start commercial production of LMR cells at a U.S. facility in 2028. Kelty did not confirm if that date is still the goal, but said LMR "is on schedule with development."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved