Hertz and GM Plan Major EV Expansion
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General Motors (GM) Announces Lithion Investment and Strategic Partnership Agreement
September 22, 2022 1:19 PM EDTGeneral Motors (NYSE: GM) announced today that the company is investing in Lithion Recycling Inc.s Series A financing round, supporting a new GM-Lithion strategic partnership agreement to pursue a circular battery ecosystem using Lithion's advanced battery recycling technology
The collaboration will focus on the validation of Lithion's recovered battery materials for use in the production... More
Hertz (HTZ) Announces Major EV Expansion with General Motors (GM)
September 20, 2022 12:18 PM EDTHertz Rental Car (NASDAQ: HTZ) announced, alongside General Motors (NYSE: GM), a major deal that would see the rental company order up to 175,000 Chevrolet, Buick, GMC, Cadillac and BrightDrop EVs over the next five years. The agreement will encompass electric vehicle deliveries through 2027 as Hertz increases the EV component of its fleet and GM accelerates production of EVs broadly.
"It's exciting that two iconic American companies that have shaped the evolution of transportation for... More
