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.

GM has announced it has new EV battery tech that’s less costly and lighter than what’s currently in use. These new “groundbreaking” batteries are called LMR or lithium manganese-rich prismatic battery cells.

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