GM, LG to Produce Low-Cost EV Batteries with LMR Chemistry

20 May 2025 CW Team

General Motors (GM) and LG Energy Solution will begin commercial production of lithium manganese-rich (LMR) battery cells in the United States from 2028. These lower-cost cells are designed to enhance electric vehicle (EV) affordability while delivering over four hundred miles of range on a single charge.

The new prismatic LMR cells will be produced at Ultium Cells joint-venture plants in Ohio and Tennessee. GM says the design reduces battery pack parts by over fifty per cent, contributing to its goal of achieving cost parity between EVs and internal combustion engine vehicles.

With twelve EV models already in its portfolio, GM is focusing on flexible battery chemistries to balance performance, cost and range. The company targets a battery pack cost reduction of USD thirty per kilowatt-hour by 2025.

According to the International Energy Agency, global EV sales are expected to reach over twenty million units this year, representing twenty-five per cent of all car sales. The rise is driven by a thirty-five per cent increase in first-quarter sales worldwide.

Emerging alternatives like sodium-ion technology are also gaining traction for their affordability and abundant raw materials.

Source:Outlook Planet

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..