General Motors, an American multinational automotive manufacturing company, is exerting extra effort to reduce the cost of its next generation of electric vehicles. The shift to electric vehicles advances flexibility with vehicle design and can eventually decrease EV prices.
In an effort to produce battery packs that are as efficient and compact as possible, General Motors is collaborating with tech giant LG. After achieving advancements with battery technology to increase efficiency, General Motors is now working on the next distinct barrier: the cost of their electric vehicles.
The company believes that shifting to a battery pack architecture that is integrated into the platform, a structure underpinning the vehicle and flexible enough to function with various models and body types is essential for lowering the cost.
“We’ve gone from what was possible, to what was practical, to what is preferred,” Tim Grewe, General Motors’ Director of Electrification, stated.
As governments worldwide enact strict regulations that make the production of petrol and diesel automobiles nearly impossible, the adoption of electric vehicles will continue to accelerate. Mr Grewe said, “You can see the roll out now, the cadence is happening really quickly and it will allow us to bring the price down as well as options and flexibility of models,” said Mr Grewe.”
To continue in business, auto industry giants must adjust to these challenges.
