AI-assisted summary
GM is exploring new markets for its EV batteries due to lower-than-expected consumer demand for electric vehicles.
The company is partnering with Redwood Materials to supply battery modules for energy storage systems, particularly targeting the growing power needs of AI data centers.
These energy storage systems utilize both new and used EV batteries to power microgrids, offering a cleaner energy source for AI infrastructure.
While the long-term viability of repurposed batteries for large-scale energy storage is uncertain, this strategy allows GM to maximize its battery production capacity and explore new revenue streams.
General Motors' electric vehicle sales may be on the rise, but consumer demand for battery-powered vehicles is far from what the company anticipa