GM leads $60M investment in Mitra Chem to develop low-cost EV …

Aug 17, 2023 · The automaker's current Ultium EV batteries use a more expensive nickel-cobalt-manganese-aluminum cathode. GM expects the investment to accelerate its development of …

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GM Leads $60M Investment In Mitra Chem To Develop Low-cost EV …

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Aug 17, 2023 · The automaker's current Ultium EV batteries use a more expensive nickel-cobalt-manganese-aluminum cathode. GM expects the investment to accelerate its development of …

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GM Invests In AI And Battery Materials Innovator Mitra Chem

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Aug 16, 2023 · Mitra Chem’s proprietary AI platform expected to accelerate GM’s development of affordable batteries in the U.S. DETROIT – General Motors (NYSE: GM) is leading a $60 …

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GM Invests In Company Developing Lower-cost EV Batteries

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Aug. 16 (UPI) --General Motors said Wednesday it has completed $40 million of a $60 million investment in the start-up company Mitra Chem to develop and produce new iron-based EV …

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GM Backs EV Battery Startup As It Shifts Future Focus To Cheaper …

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Aug 16, 2023 · GM will lead a $60 million investment in Mitra Chem, a two-year-old Mountain View, California, company that uses artificial intelligence to accelerate development of lithium …

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GM’s Latest Investment Could Speed Development Of Cheaper EV …

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Aug 16, 2023 · GM has boosted its investment with Mitra Chem, a company focused on building batteries in the US using iron-based cathodes, with a new $60 million financing round.

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General Motors Pours Millions Into California Battery Start-Up …

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Aug 17, 2023 · General Motors is leading a Series B funding round worth $60 million in Silicon Valley battery technology start-up Mitra Chem, the automaker said in a press release.

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GM Leads $60 Million Funding Round In Battery Materials Startup …

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Aug 16, 2023 · GM is the primary automaker customer of Mitra Chem, which aims to reduce battery costs through the use of iron-based cathodes. ... General Motors led a $60 million …

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GM Invests In Mitra Chem For Affordable EV Battery Chemistry

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Aug 16, 2023 · GM is leading a $60 million round of investment in Mitra Chem, a company developing affordable iron-based cathode materials for EV batteries.

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GM Invests $60 Million In AI Battery Startup For Affordable EVs

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Aug 17, 2023 · To accelerate the commercialization of cheap electric vehicles (EVs) batteries, General Motors is investing $60 million into Mitra Chem. This Silicon Valley startup uses …

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GM Invests $60 Million In Battery Materials Company Mitra Chem

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Aug 16, 2023 · GM's investment is aimed to help the battery innovation company develop technology to bring prices down and get more people into EVs.

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Mitra Chem: GM Backs EV Battery Startup Mitra Chem As It Shifts …

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Aug 16, 2023 · GM will lead a $60 million investment in Mitra Chem, a two-year-old Mountain View, California, company that uses artificial intelligence to accelerate development of lithium …

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GM Leads $60M Investment In Mitra Chem's Innovative Low Cost …

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Mitra Chem's Cost-Efficient EV Batteries Gain $60M Boost with GM-Led Investment

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FAQs about GM leads $60M investment in Mitra Chem to develop low-cost EV … Coupon?

Did GM invest in Mitra Chem?

The specifics of GM’s investment in Mitra Chem weren’t disclosed. GM is leading a $60 million funding round in Mitra Chem, a battery startup founded by Tesla and Toyota veterans that aims to make cheaper EV batteries. ...

Will Mitra Chem accelerate GM's development of affordable batteries?

Mitra Chem’s proprietary AI platform expected to accelerate GM’s development of affordable batteries in the U.S. DETROIT – General Motors (NYSE: GM) is leading a $60 million Series B financing round in Mitra Chem, a Silicon Valley-based, AI-enabled battery materials innovator. ...

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. ...

What does Mitra Chem do for GM?

Mitra Chem will help GM develop advanced iron-based cathode active materials, like lithium manganese iron phosphate, to power affordable EV batteries that will be compatible with GM's Ultium EV propulsion system. GM’s investment is aimed to help Mitra Chem build its current operations and get innovative battery materials to market faster. ...

Who is Mitra Chem?

MOUNTAIN VIEW, Calif., Aug. 16, 2023 /PRNewswire/ -- Mitra Future Technologies Inc. ("Mitra Chem"), a leading innovator in North American production of lithium-ion battery materials, today announced the completion of a $40 million first close of $60 million Series B funding round led by GM. ...

Will Mitra Chem eliminate cobalt and nickel from EV battery manufacturing?

Mitra Chem's technology, if developed successfully, would eliminate both cobalt and nickel from EV battery manufacturing. General Motors said Wednesday it has completed $40 million of a $60 million investment in the start-up company Mitra Chem to develop and produce new iron-based EV battery technology. ...