The Elements of Innovation Discovered
The Elements of Innovation Discovered
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In its race toward becoming North America's electric vehicle market leader by 2025, General Motors Co. has unveiled plans to invest roughly $7 billion in new lithium-ion battery and EV manufacturing facilities in Michigan, the single largest investment ever by the American automaker. "Today we are taking the next step in our continuous work to establish GM's EV leadership by making investments in our vertically integrated battery production in the U.S., and our North American...
In a move to help secure the lithium-ion battery metals required to achieve its aspiration of getting "Everybody in" an electric vehicle, General Motors has forged a strategic partnership with Controlled Thermal Resources Ltd. to source low-cost and environmentally responsible lithium from the Hell's Kitchen project at the Salton Sea Geothermal Field in Southern California. "Lithium is critical to battery production today and will only become more important as consumer...
Lars Carlstrom, who has already founded two companies building lithium-ion battery gigafactories in Europe, has launched a third enterprise that plans to build a 54-gigawatt-hour battery facility in Southern California that will be supplied with geothermal power and lithium from Controlled Thermal Resources' Hell's Kitchen project in Imperial Valley. Carlstrom is a pioneering industrialist in the automotive sector who founded Britishvolt, which is developing a 30 GWh battery g...
