Nah. It's just GM working out a deal for their batteries. Tesla expects to sell 500,000 Model 3's and Model Y's, GM expects to sell 30K Bolts. So in car-speak, GM is really hoping for 10K to 15K and if they sell 20K then they would consider the car a hit. Fundamentally, if GM sells enough to fulfill their ZEV credit needs and have some extra left over then they'll be happy.
Tesla is out to change the world. GM is out to make more money and get management bonuses. Selling a vehicle that is superior to their ICE vehicles will not help that.
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This summer I spoke with the CEO of LG Chem at an IEEE Transportation Electrification conference about the Gigafactory. He commented their batteries are already competitive with what Tesla is offering and they didn't need a Gigafactory to accomplish this. He is retiring so it is possible that with new leadership they could also be heading in a new direction.
I'm not surprised that LG has a battery chemistry that is competitive with Tesla. The question is whether they can sell them for a competitive price to a manufacturer who must then turn around and sell them to a dealership.