Bright future for Class #1 nickel ! What's New for 2023?
Not only is Lyriq a brand-new nameplate for the American luxury brand, it's also Cadillac's first all-electric offering. It's intended to go head to head with heavy hitters such as the Audi e-tron, Jaguar I-Pace, and Tesla Model X.
At the heart of the Ultium platform are GM’s batteries. They were developed in partnership with LG Energy Solutions, a division of the Korean conglomerate LG Corp.
The batteries use a highly unusual chemistry that reduces expensive and tough-to-source cobalt by 70%. That move, the company says, will help push battery pack costs below $100 per kilowatt-hour — commonly considered to be a critical threshold for EVs to be competitive with internal combustion engines.
Our Ultium battery cells feature a state-of-the-art Nickel Cobalt Manganese Aluminum (NCMA) chemistry, which was designed to reduce the cobalt content in our batteries by more than 70 percent.