GM backs EV battery startup as it shifts future focus to cheaper materials
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Stellantis (STLA) invests in direct lithium extraction project
August 17, 2023 9:08 AM EDTStellantis (NYSE: STLA) said Thursday that the carmaker will be investing more than $100 million in California-based direct lithium extraction (DLE) company, Controlled Thermal Resources.
Different DLE technologies come with their own unique approaches, but all share the common goal of extracting lithium from saline brine deposits through mechanical filtration. This innovative process eliminates the necessity for open pit... More
GM invests $60M in EV battery startup, Mitra Chem
August 16, 2023 10:13 AM EDTGeneral Motors (NYSE: GM) announced Wednesday that the American automaker will be investing in Silicon Valley startup, Mitra Chem with an aim to help the new company speed the development of a more affordable battery chemistry for use in electric vehicles.
GM is set to spearhead a $60 million investment in Mitra Chem. The startup... More
Hyundai to purchase GM’s India plant as American OEM prepares market exit
August 16, 2023 9:26 AM EDTHyundai Motors is set to acquire General Motors' (NYSE: GM) Talegaon plant located in the western state of Maharashtra. This strategic step not only facilitates the departure of the U.S. automaker from the Indian market but also helps to supplement Hyundai's annual manufacturing output.
Hyundai revealed Wednesday that the automaker plans... More
