GM announced Thursday that its venture capital division, GM ventures, will invest in Lithion Recycling to support a sustainable circular battery ecosystem. The new partnership will focus on researching and developing a viable EV battery recycling method to further reduce emissions and the usage of critical minerals.
Global supply chains are still recovering from the pandemic, and as the demand for electric vehicles continue to soar, automakers are rushing to lock up deals to ensure they will have adequate supply to achieve their targets.
