Lithion Recycling Inc. (“Lithion”) and General Motors Co. ( NYSE: GM) today announced that GM Ventures, the automaker’s investment arm, has made a strategic investment in Lithion’s Series A financing round, supporting a new GM-Lithion strategic partnership agreement to pursue a circular battery ecosystem using Lithion’s advanced battery recycling technology.
This collaboration between GM and Lithion will focus on:
- Validation of Lithion’s recovered battery materials for use in the production of new batteries, and potential to acquire battery materials
- Joint investment in research and development for both recycling processes and recyclability of future battery design
