GM’s electric future depends on a new battery — and this facility | TechCrunch

Last day to exhibit your breakthrough to 10,000+ tech leaders at Disrupt is on Oct 2. Book Exhibit Table Now. Disrupt doors open Oct. 13. Get your pass and bring someone with you at 50% off. REGISTER NOW. Hidden among the architectural landmarks of General Motors’ sprawling Warren Tech Center outside Detroit is a new cornerstone of the automaker’s $900 million bet on its electric future. The nondescript 500,000-square-foot pair of off-white boxes, which house GM’s new Battery Cell Development Center, might not look like much. But locked inside is the key to GM’s plan to slash the cost of its EVs by nearly 10%. At a time when some car companies are pulling back on EVs, GM’s new Battery Cell Development Center is part of a reboot. And it’s one that GM told TechCrunch will allow it to bring a new slate of lower-cost batteries to market a year faster than planned. GM hasn’t been immune to the malaise in the U.S. EV market. Last year, the automaker took a $1.6 billion charge as it reconfigured its EV production capacity, laying off thousands of workers in the process. It has also reportedly shelved, if temporarily, a refresh of its full-size EV trucks and SUVs. To get its EV strategy ba
Source: For the complete article, please visit the original source link below.



