GM may abandon plans to use a lower-cost iron-based battery chemistry that many automakers are adopting to reduce EV costs. The move suggests GM may face a less competitive cost structure versus peers if it sticks with a pricier battery approach. The article is limited to a strategic technology update and is unlikely to move the broader market, but it is relevant for GM's EV margin and cost outlook.
GM may abandon plans to use a lower-cost iron-based battery chemistry that many automakers are adopting to reduce EV costs. The move suggests GM may face a less competitive cost structure versus peers if it sticks with a pricier battery approach. The article is limited to a strategic technology update and is unlikely to move the broader market, but it is relevant for GM's EV margin and cost outlook.
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