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General Motors Ventures LLC 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. In a separate agreement, GM has secured the right to use Envia’s advanced cathode material for future GM electrically driven vehicles.

"Skeptics have suggested it would probably be many years before lithium-ion batteries with significantly lower cost and higher capability are available, potentially limiting sales of electric vehicles for the foreseeable future," said Jon Lauckner, President of GM Ventures. "In fact, our announcement today demonstrates that major improvements are already on the horizon."

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