General Motors dips after plans for lower-cost battery production

General Motors GM.N stock dips 1% after the automaker says it will produce lower-cost battery cells at its Tennessee plant with LG Energy Solution 373220.KS

Ford Motor F.N down 0.6% as investors digest U.S. President Donald Trump's latest tariff threats against Europe, Mexico and Canada

General Motors rolling out lithium-iron-phosphate (LFP) batteries that are gaining popularity among U.S. automakers, including Ford

GM's move comes as automakers pull back on EV production goals due to weaker-than-expected demand, but continue investing in future battery tech

GM stock down about 1% YTD, underperforming S&P 500 .SPX, which is up 7%

GM recently traded at 6x expected earnings, in line with its 5-year avg, per LSEG data, suggesting it may be fairly valued