GM and its partner LG Energy Solution plan to launch production of the technology, called lithium manganese-rich batteries, in the U.S. by 2028.

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

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

The early repayment came on the same day GM announced its goal to become the first automaker to use a new, cheaper battery chemistry for electric vehicles.

Going forward, some of GM’s EVs will use LMR cells in a prismatic format. Models using LFP and NMC aren't going anywhere. The three battery types will continue to co-exist, offering buyers a breadth of options depending on their needs.

General Motors Co. has hired Christina Montgomery, a 30-year legal veteran at International Business Machines Corp., as its new chief privacy and trust officer.

The automaker's new VP of global product has previously worked on Tesla's Autopilot and co-founded a driverless trucking startup.