GM Leads $50 Million Funding Round In EnergyX To Unlock US-Based Lithium
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GM is making investments in all parts of the North American battery supply chain, including raw materials, processing, cell components, and full battery cell production.A program to develop new technologies that will assist the commercialization of EnergyX’s advanced DLE and refinery processes, which could supplement or replace current evaporation pond technologies.
“The EnergyX team of scientists and engineers have worked relentlessly for five years developing cutting-edge DLE technology to solve the immense bottlenecks that have limited global lithium production and supply chain,” said Teague Egan, CEO, EnergyX. “This single bottleneck is the biggest challenge to scaling EV production. We will unlock lithium supply in the U.S., a pivotal move in expanding the EV industry.
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