Unfazed by the electric vehicle downturn: General Motors (GM.US) bets big on lithium-rich manganese-based batteries, aiming for the next generation of affordable electric vehicles

General Motors (GM.US) has not been deterred by the recent years’ slump in the electric vehicle market and is moving forward with a brand-new electric vehicle project. The company expects to launch a new battery-powered mainstream SUV within approximately three years. According to General Motors executives at an event in New York, this latest initiative is aimed at introducing multiple affordable electric vehicles in the high-volume segment. At its core, the project will use batteries based on a lithium-manganese-rich chemistry, which offer longer range and lower cost compared to the technology used in GM’s current products.