General Motors (GM) Announce an Investment and Strategic Partnership Agreement for Circular EV Battery Ecosystem
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GM and Lithion Announce an Investment and Strategic Partnership Agreement to Pursue a Circular EV Battery Ecosystem
September 22, 2022 7:00 AM EDTMONTREAL and DETROIT, Sept. 22, 2022 /PRNewswire/ -- Lithion Recycling Inc. ("Lithion") and General Motors Co. (NYSE: GM) today announced that GM Ventures, the automaker's investment arm, has made a strategic investment in Lithion'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.
This collaboration between GM and Lithion will focus on:
Validation of Lithion's recovered battery materials for use in the production of new... More