GM is on its way to an all-electric future. We are aggressively going after every aspect of what it takes to put everyone in an EV because we need millions of EVs on the road to make a meaningful impact toward building a zero-emissions future. GM is positioned to design, engineer, and produce EVs for every style and price point, and we are rapidly building a competitive advantage in batteries, software, vehicle integration, manufacturing and customer experience.
Ultium represents a milestone achievement in electrification, with battery pack costs nearly 40 percent lower than those in the Chevrolet Bolt EV. GM projects that second generation Ultium packs will cost nearly 60 percent less than the batteries used today. Its versatile platform provides the building blocks for everything from mass market to high performance vehicles – all from a single, common cell in most markets and set of interchangeable propulsion components. Ultium battery cells will be manufactured in Lordstown, Ohio as part of our joint venture with LG Energy Solution.
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