- General Motors Company (NYSE:GM) venture capital arm, GM Ventures, has made a strategic investment in Nanoramic, an energy storage and advanced materials company. The financial terms were not disclosed.
- The collaboration will focus on the joint development and application of Nanoramic’s proprietary Neocarbonix, an electrode technology for EV lithium-ion batteries, which targets improvements in EV battery cost, efficiency, and sustainability.
- Neocarbonix achieves this by replacing conventional binder systems with a 3D nanocarbon mesh.
- Also Read: General Motors Leads $50M Funding Round In Lithium Startup EnergyX To Secure Supply For EV Batteries
- “This collaboration has the potential to improve both cost and sustainability in battery manufacturing for our Ultium EV Platform,” said GM Ventures president Kent Helfrich.
- GM is rapidly scaling production to reach 1 million units of annual EV capacity in North America by 2025.
- Price Action: GM shares are trading lower by 1.02% at $34.97 in premarket on the last check Wednesday.
Here’s How Much $100 Invested In Cigna 15 Years Ago Would Be Worth Today
Cigna (NYSE:CI) has outperformed the market over the past 15 years by 4.97% on an annualized basis producing…
