GM EV Mass Production 2025: Long-Term LG Chem Cathode Material, Livent's Lithium Supplies Now Secured

GM's EV mass production 2025 is expected to manufacture more than one million zero-emission vehicles. To make it possible, the giant automaker is making drastic efforts to get assistance from other companies.

GM EV Mass Production 2025: Long-Term LG Chem Cathode Material, Livent's Lithium Supplies Now Secured
A vehicle is welded by robot arms as it goes through the assembly line at the General Motors Lansing Delta Township Assembly Plant March 10, 2010 in Lansing, Michigan. The Delta plant has more than 3,000 workers on two shifts and is expected to add a third shift of 900-1,000 workers in April. The plant produces the Buick Enclave, Chevrolet Traverse, and GMC Acadia crossover SUVs. Photo by Bill Pugliano/Getty Images

Now, General Motors confirmed that it was able to secure two major deals from Livent and LG Chem. Both of these tech firms are expected to offer long-term lithium (Livent) and cathode material (LG Chem) supplies.

As of press time, GM is among the giant carmakers that decided to transition to electric vehicle development and production.

Although it is among the top automakers, it still needs assistance from other manufacturers so that its EV mass production can become a reality.

GM Secures Two Major Deals for Its EV Mass Production 2025

According to Electrek's latest report, the long-term lithium and cathode supplies that GM secured are a great help for its upcoming EV mass production.

GM
A Chevrolet Volt extended-range electric vehicle sits at an event where Fritz Henderson, CEO and President of General Motors, announced that GM will invest $43 million in Brownstown Township, Michigan to manufacture lithium-ion battery packs for the Chevrolet Volt and other extended-range electric vehicles at the GM Brownstown Battery Assembly facility August 13, 2009 in Brownstown Township, Michigan. by Bill Pugliano/Getty Images

Lithium-ion cells are the most common batteries used for EV integrations. These power packs contain lithium, which is used for the cathode.

Before these materials become useful, they need to be refined to battery grade so that they can go into battery cell production.

As of press time, some automakers are already involved in securing battery-graded lithium hydroxide for their battery suppliers.

This allows them to ensure that needed EV cell volume for their long-term electric car production goals. Among these automakers is General Motors.

GM CEO Says They Will Beat Tesla

Fortune previously reported that GM's CEO Mary Barra claimed that they will be able to beat Tesla, the top EV maker, in EV sales this coming 2025.

As of press time, Tesla still outsells GM by around 14 times. This means that it will be hard for General Motors to produce higher EV sales than Tesla since many consumers still prefer Elon Musk's brand.

But, it seems like Barra is sure with their goal, saying that they will roll out 30 new EV models across the globe by 2025.

"We already have the best-selling EV in China. Our EV deliveries in North America in 2022 are growing again now that the Chevrolet Bolt EV and EUV are back in production," said GM's spokesperson.

Previously, General Motors' EV First Responder Training program was launched.

On the other hand, experts claim that GM and Ford can overtake Tesla in EV market shares by 2025.

For more news updates about General Motors and its upcoming EV mass production, always keep your tabs open here at TechTimes.

This article is owned by TechTimes

Written by: Griffin Davis

ⓒ 2024 TECHTIMES.com All rights reserved. Do not reproduce without permission.
Join the Discussion
Real Time Analytics