General Motors plans to use new LMR battery tech in electric vehicles by 2028

From Nasdaq: 2025-05-16 08:51:00

General Motors (GM) unveils plans for new LMR battery technology to lower costs and improve performance in its electric trucks and SUVs by 2028. GM’s joint venture aims to start production in late 2027. Ford is also developing LMR batteries for future EVs, aiming for mass-market adoption. Tesla has shown early interest in similar battery chemistry.

GM’s stock has declined by 6% this year, trading at a low forward P/E ratio with a Value Score of A. Sales and EPS estimates for 2025 suggest a decline, leading to a Zacks Rank #5 (Strong Sell) for GM. The semiconductor industry is projected to grow significantly, with one stock poised for explosive growth in AI, ML, and IoT.

For more information on these developments and to explore investment opportunities, visit Zacks Investment Research. Stay informed with the latest recommendations and stock analysis reports for Ford Motor Company (F), General Motors Company (GM), and Tesla, Inc. (TSLA) from Zacks. This article was originally published on Zacks Investment Research’s website.



Read more at Nasdaq: GM’s New LMR Battery Could Change the Game: Is it Ready to Lead?