Senior reporter Tim De Chant visited General Motors' Warren Technical Center to uncover their plans for reducing the cost of EVs. GM is investing heavily in LMR batteries and a new Battery Cell Development Center, aiming to slash costs and preserve range. The Chevrolet Silverado EV could be $6,000 cheaper as a result.

AI plays an increasingly significant role at GM. According to Sterling Anderson, head of product, AI will speed up vehicle development cycles. Meanwhile, Kurt Kelty, VP of batteries and sustainability, revealed the company's detailed plans for their latest investment, which could see the Chevrolet Silverado EV become significantly more affordable.

Other news includes SpaceX’s potential IPO that might involve a significant dilution event with Tesla, and Carvana’s option to invest in Slate Auto. Layup Parts and Mach Industries also raised substantial funding rounds, while Sprio, an African electric mobility startup, secured a major valuation boost.

The article concludes with insights from Avride on their autonomous vehicle operations, and Uber’s expanding plans into the autonomous vehicle industry through data collection.