What is special about GM Ultium batteries?
Ultium batteries boast a high energy density, storing more energy in a compact and lightweight package compared to conventional batteries. This results in enhanced range and performance for electric vehicles equipped with the Ultium Platform. DETROIT — General Motors will drop the name Ultium for its electric vehicle batteries and supporting technologies after spending years promoting the brand as it rethinks its EV and battery operations. The Detroit automaker confirmed the switch Tuesday ahead of an investor event.GM abandons Ultium brand name, shifts to tailored battery solutions. Despite revising its sales goals and previously abandoning its target of 400,000 EVs by mid-2024, GM anticipates producing and delivering approximately 200,000 EVs this year.
How much does GM Ultium cost per kWh?
Affordable Production: GM’s advancements in cell chemistry, combined with economies of scale and manufacturing efficiencies, aim to reduce battery costs to around $100 per kWh. Achieving this threshold brings EVs closer to cost parity with internal combustion engine vehicles. GM Cuts Large EV Production, Posts $6B Writedown for Q4 2025. Though it hasn’t yet canceled any battery-electric models, General Motors is significantly curtailing its EV ambitions due to a drop in demand.