Designed to power GM’s future electric and full-size SUVs, the new technology boasts an incredible 33 percent increase in energy density over today’s best lithium iron phospha

General Motors and its joint venture partner LG Energy Solution have been developing a new battery technology, designed to reduce costs

GM says the new cells will be cheaper for a few reasons. For one, manganese is cheaper than cobalt or nickel. The LMR chemistry will have 0-2% cobalt, 30-40% nickel, and 60-70% manganese. That’s significantly less than today’s leading NMC cells, which are up to 10% cobalt and 80% nickel.

The Detroit automaker says it will begin commercial production of lithium manganese-rich cells at an Ultium plant in Ohio or Tennessee.