fintech_unbankedJune 11, 2026Issue #30

GM is building a battery empire you might not see coming

GM is doubling down on batteries. The automaker announced a new subsidiary focused on energy storage, which means it's no longer just building cars — it's building the grid that powers them and the data centers that run the internet.

The company's partnership with LG Energy Solution already produces about 140 gigawatt-hours of batteries annually. With its new energy storage business, GM is positioning itself as a supplier for everything from EV charging networks to the data centers gobbling up electricity for AI and cloud computing. The scale is what catches attention: GM's battery production alone could rival the output of mid-sized utility companies.

Why this matters for us:

GM is no longer just building cars. It's building the grid.

cnbc.com

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