LG Energy Solution and GM bet on LMR to bridge LFP cost and high-nickel range

LG Energy Solution and GM are pursuing LMR battery chemistry as a middle ground between cheap LFP cells and long-range high-nickel packs. The technology aims to cut EV costs without sacrificing driving range.

• LMR targets the gap between LFP cost and high-nickel range
• The bet comes amid persistent EV raw-material supply pressure
• LG Energy Solution and GM continue their joint battery projects