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EV News Daily - Technology and Business of EVs

BONUS PODCAST: Another False Start? GM Drops 'Ultium' Just As Sales Take Off

EV News Daily - Technology and Business of EVs

Martyn Lee

Business, Leisure, Technology, Automotive

4.8749 Ratings

🗓️ 10 October 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

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GM ABANDONS "ULTIUM" BRANDING FOR EV BATTERIES https://evne.ws/3zSLRQa

NEXT-GEN CHEVROLET BOLT EV DETAILS UNVEILED https://evne.ws/4eWXvZf

EV LOSSES AT GM EXPECTED TO DECREASE https://evne.ws/3BFmaDn

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to EV News Daily and welcome to a special bonus podcast edition looking only at the General Motors news that I think warrants a good 10, 12, 15 minutes maybe of discussion on its own.

0:11.1

So before GM's investor event yesterday, they broke the news that they were going to discontinue ultium.

0:16.8

That's the name that's been used since, well, they started this kind of trajectory of EVs, really.

0:22.4

It's a joint project with LG.

0:24.7

In fact, the business is called Ultium Cells LLC.

0:28.2

And it's General Motors and LG making pouch cells with a certain type of chemistry that could be scaled up and scaled down, make millions of these things, have one cell, one format, one chemistry.

0:39.2

Look, times have changed, and now they realize that maybe that's not the way to do it.

0:44.2

Maybe they want the help of others.

0:46.0

Like, loads of car companies, Tesla included the OG cell maker with Panasonic.

0:51.2

That relationship was rocks solid, just Tesla and Panasonic, but eventually

0:55.7

in came the likes of Samsung and C-A-T-L and LG. And we think maybe B-Y-D with blade batteries. And so

1:03.4

if Tesla can do it, anyone can do it and say we need a broad range of cells. And well, that

1:09.9

doesn't really make sense to call your tech ultium technology if half

1:13.9

the companies you're buying technology from is in competition with LG, who your

1:20.7

Altium platform is with.

1:22.4

So you'd be asking, well, is this an ultium car or is it a non-altium car?

1:25.6

That whole thing breaks down.

1:27.9

And so they had to kind of get rid of it.

1:29.7

It was an unfortunate decision because it's once again another misstep in GM's grand plan.

1:37.0

But does it really matter?

1:38.7

Was it just a marketing term?

1:40.3

What did Altium mean more?

...

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