This story was originally published here.
General Motors (GM) is at it again. In a major challenge to Tesla, the automaker has announced that it has developed a new electric vehicle battery. Its range is higher than Tesla's, and it costs less to produce than current batteries.
GM's new battery cells
The company's new battery cells will be usable in several of its new fully electric models, which include its recently unveiled self-driving EV, the Cruise Origin, as well as its future Cadillac luxury SUV.
The company also stated that its plan is to license its battery technology to other companies.
Story continues here.
Editor's Note: I’m here 3,000 miles from home in Long Beach, California.
This industrial suburb looks nothing like Silicon Valley, but recently it’s become the epicenter of an explosive new technology.
One that’s taking the $2.5 trillion electric vehicle market by storm.
It charges in just minutes — not hours. It’s 100% emission-free, costs next to nothing, and involves no fossil fuels. The only thing it emits is pure, clean water.
I came here to try it for myself and see if all these claims were true.
And incredibly enough, the “Tesla Killer” worked better than I imagined.
The car took moments to fill and drove like a dream along the California coast, lasting hundreds of miles.
I’m now certain that no Tesla could possibly compete with it.
That’s why Bloomberg projects it to “skyrocket 1,000 times over.” And best of all…
Don’t wait another moment.
Now you can lock in its shares at a few dollars, instead of $300 like Tesla.