GM Leads $50 Million Funding Round in EnergyX to Unlock U.S.-Based Lithium Supply for Rapidly Scaling EV Production

GM Ventures is leading a $50 million Series B funding round in EnergyX, a company that has developed direct lithium extraction and refinery technology. The technology has the potential to optimize North American lithium recovery and make electric vehicle production more sustainable and cost-effective. The collaboration between EnergyX and GM includes a technology development program, an agreement that enables GM to access competitive lithium, and additional funding for lithium production projects. Additionally, the funding will allow EnergyX to expand its research and development efforts in pure lithium metal anodes and its solid-state lithium metal battery program.



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