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.”
#gm#batteries#energy#data-centers#infrastructure#hispanic-community