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Reuters reports that General Motors Co (NYSE:GM) has invested $7 million in Envia Systems that has been developing more powerful and cheaper batteries for electric vehicles.
Reuters reports that General Motors Co (NYSE:GM) has invested $7 million in Envia Systems that has been developing more powerful and cheaper batteries for electric vehicles.
The market news is quoted as saying:
Newark, California-based Envia has developed cathode technology for lithium-ion batteries that it says will improve power storage for electric cars, addressing the problems of limited driving range and high costs.
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