Core Insights - General Motors is set to introduce a new lithium manganese-rich (LMR) prismatic battery technology aimed at reducing costs and enhancing profitability for its electric SUVs and trucks [1][2] - The new battery technology is expected to be implemented in full-size electric vehicles like the Chevrolet Silverado and Escalade IQ starting in 2028 [2] - The LMR batteries will utilize more abundant and less expensive minerals such as magnesium, reducing reliance on cobalt and nickel, which are currently used in GM's EV batteries [2] Group 1 - The LMR battery technology is anticipated to improve range, safety, energy efficiency, and charging capabilities of electric vehicles [3] - GM's vice president of battery, propulsion, and sustainability, Kurt Kelty, described the LMR battery as a "game-changing" solution for electric trucks, offering premium range and performance at an affordable cost [3] - GM aims to be the first to market with this technology, following Ford Motor's announcement of similar LMR battery plans before 2030 [3]