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16 Aug
19:18

GM invests in start-up to accelerate LFMP battery development

General Motors is hoping to accelerate its development of iron-based batteries in the US through an undisclosed investment in artificial intelligence-enabled battery materials company Mitra Chem. The US carmaker announced Tuesday it has led a $60 million Series B financing round in the Silicon Valley-based. GM’s funding should help Mitra Chem to scale its current operation and to speed up its novel battery materials formulation to market, Kallanish learns. …
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