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.

The automaker's lithium manganese-rich prismatic battery cells reportedly offer a longer lifespan and higher energy density than previous attempts.

GM says it has developed cells that will make batteries cheaper and more energy dense. The automaker aims to be the first to bring them to market.