GM is betting its Ultium batteries will lead the automaker to EV dominance
General MotorsOnce the leader in global auto sales, the U.S. is still the best, although there are some exceptions.
The automaker now hopes to be a global leader in electric cars on its own turf as well as elsewhere.
The Detroit company has made massive investments in EV technology in a bet that its new Ultium platform — consisting of batteries, motors, software and other components — will help it to outpace competition from legacy automakers and countless start-ups and eventually replace Tesla as the No. 1 EV manufacturer.
Automaker Ultium EV was unveiled in March 2020. It is now delivering its first vehicle built around it.
The core of the Ultium platform is GM’s battery. These batteries were created in collaboration with LG Energy Solutions (a division of Korean conglomerate LG Corp).
This battery uses a unique chemistry to reduce cobalt costs by up to 70%. That move, the company says, will help push battery pack costs below $100 per kilowatt-hour — commonly considered to be a critical threshold for EVs to be competitive with internal combustion engines.
GM has a different system than other companies for managing the battery packs. The Ultium platform makes it possible for GM to use different chemistries of battery cells in the same pack. This allows parts of the pack to be changed as the time passes.
However, there is fierce competition from other automakers. There are also many other challengers from almost every corner of the globe.
To learn more, watch this video.