Transportation
GM Hints at Cheaper Electric Pickup Boasting 350-Mile Range
- Automaker is working to source lower-cost LFP batteries
- CFO Jacobson says that GM’s EV costs are coming down
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General Motors Co. hinted that it’s developing a lower-cost electric pickup truck that could boast a 350-mile range.
The Detroit-based automaker is working to secure a supply of lithium iron phosphate batteries in North America, said Kurt Kelty, GM’s vice president in charge of battery strategy. Chinese automakers often use LFP batteries in their EVs due to low costs, making them an ideal candidate to power a more affordable EV pickup.