General Motors is investing $900 million in its Battery Cell Development Center in Warren, Michigan, to develop lithium manganese-rich (LMR) batteries, a homegrown technology aimed at reducing dependence on nickel and cobalt. The company recorded $7.6 billion in EV-related charges last year but is targeting commercial production with LG Energy Solution by 2028. Battery chief Kurt Kelty, formerly of Panasonic and Tesla, has implemented a quarterly review system with red lights to encourage teams to take measured risks and fail fast. In 2025, GM reported $185 billion in revenue and $2.7 billion in net income, with a 17.2% market share in the United States.
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