GM targets $70 kWh batteries as it signs nickel deal with Vale

GM said it would focus on reducing its battery cells costs to below $70 a kilowatt-hour by “mid-to late-decade,” helped by a buildout of the North American battery supply chain and support from the Inflation Reduction Act. The automaker said it would reach $87/kWh as soon as 2025, as it started battery production in the […]