GM backs EV battery startup as it shifts future focus to cheaper ...

Aug 16, 2023 · General Motors is investing in a Silicon Valley startup to help it speed development of a more affordable battery chemistry for its future electric vehicles, the company said on Wednesday.

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FAQs about GM backs EV battery startup as it shifts future focus to cheaper ... Coupon?

Can GM make cheaper EV batteries?

GM is leading a $60 million investment round in Mitra Chem, a California startup working on cheaper EV batteries. Mitra Chem is aiming to develop low-cost lithium iron phosphate batteries that can hold more power than current versions. If it’s successful, its batteries could appear in GM’s EVs later this decade. ...

Is GM planning a new EV battery?

GM is laying plans for the EV battery of the future, including new cost-cutting, performance-enhancing atomic layer deposition technology. For the record, Kelty is not among the rash of recent departures from Tesla. He left during an earlier rash of management turnover back in 2017, after an 11-year run at the company. ...

Why is GM accelerating EV technology development?

“These processes drive significantly shorten learning cycles, enabling shorter time to market for new battery cell formulas.” Gil Golan, a GM vice president charged with speeding up the process of bringing new EV technologies to market, said the auto giant is stepping up its focus on potential breakthroughs in battery technologies. ...

Could GM EVs benefit from Mitra Chem batteries?

Future low-cost GM EVs could benefit from the batteries being developed by Mitra Chem. General Motors said Wednesday it’s leading a $60 million financing round in Mitra Chem, a California-based startup working to develop lower-cost batteries for electric vehicles. ...

Will the EV battery of the future have a more contentious supply chain?

On a more positive note, GM has also indicated that the EV battery of the future will enjoy a much less contentious supply chain. Back in 2021, GM was the first investor to put up multiple millions in support of a new geothermal brine lithium extraction system under development by the firm Controlled Thermal Resources. ...

Why is GM reducing its EV battery pack?

GM is also reducing the number of modules in its pack by up to 75 percent by using new prismatic cells, while higher-end cylindrical cells will be relegated to “performance” vehicles, Kelty said. Historically, GM is known for having larger and more dense EV batteries than its competitors. ...