Source link : https://tech365.info/gm-takes-intention-at-teslas-power-storage-enterprise-too/
Tesla’s spiraling model popularity disaster has hit its EV gross sales so laborious that the much-hyped Tesla Cybertruck was reportedly outsold by Normal Motors’s GMC electrical Hummer in Q2. Now GM has noticed a chance to horn in on Tesla’s Megapack utility scale power storage enterprise, too — with an help from none aside from Tesla co-founder and former CTO JB Straubel.
Normal Motors Spots An Power Storage Alternative
That’s an attention-grabbing flip of occasions for GM. Right here within the US, the EV market is considerably unsure lately. The Republican majority in Congress determined to make the $7,500 EV tax credit score expire on September 30, elevating the specter of a doomslide into damaging gross sales territory for all EV makers, not simply Tesla. Nevertheless, if GM can efficiently market batteries for stationary power storage, it might be able to offset a number of the EV losses till the electrical mobility market — and the political scenario — each enhance.
In any case, why let good power storage expertise go to waste? GM has been pitching its Ultium EV battery platform since 2019. Within the newest growth, earlier this week, GM’s Ultium Cells enterprise with LG Power Resolution introduced its intention to commercialize new low-cost EV lithium-iron-phosphate batteries by late 2027.
The brand new settlement with Redwood Supplies comes nearly a month after Redwood introduced its new Redwood Power department, aimed toward utilizing new…
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Author : tech365
Publish date : 2025-07-18 13:45:00
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