General Motors expects to pioneer a new “groundbreaking” EV battery technology that the automaker says will reduce costs and boost profitability of its largest electric SUVs and trucks.

General Motors has cracked the chemistry of lower-cost, energy-dense electric vehicle batteries. Budget-conscious gasoline holdouts may soon have no excuse.

The automaker is working with LG on 'lithium manganese-rich' batteries, which could bring up to 33% more energy with no price increase on big trucks and full-sized SUVs.