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GM invests in Canadian battery recycler to fight supply shortage

TechCrunch LogoTechCrunch6d ago

GM invests in Canadian battery recycler to fight supply shortage - TechCrunch

Quick Summary:

General Motors is partnering with a Canadian battery recycler to produce new batteries from recovered battery materials, as it aims to scale EV production in North America amid supply shortages and rising costs.

Until recently, the EV rollout worldwide has focused on building ample charging stations to support the spate of battery-electric vehicles expected on the road by 2030.

The Nevada-based metals recycler expects the market for battery recycling to top $18.7 billion by the end of the decade.


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Article Details

Author / Journalist: Jaclyn Trop

Category: Technology

Topics: Transportation GM EV batteries Transportation EV General Motors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 17:24:24

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 2 minutes read

Article Length: 356 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 497497

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