GM seeks to Lower Lithium Battery Prices by Investing in Envia Systems
General Motors with its Chevrolet Volt currently has the lead over Nissan, Ford, and others in delivering electric cars. The Volt is the first of many models in GM’s future. To advance its lithium batteries, GM Ventures invested $7 million in Envia Systems to provide GM’s battery engineering team with access to advanced lithium-ion cathode technology that delivers higher cell energy density and lower cost.