GM Partners With OneD To Increase Energy Density & Reduce Cost Of EV Batteries

General Motors Co GM is partnering with EV battery technology firm, OneD Battery Sciences for a joint research development agreement.
GM Ventures also participated in OneD's Series C funding round, which recently closed at $25 million.
The parties will look to use OneD's silicon nanotechnology in GM's Ultium battery cells to drive increases in energy density for a longer range and reduced cost.
The focus will be on OneD's SINANODE platform, which adds more silicon onto the anode battery cells by fusing silicon nanowires into EV-grade graphite.
Silicon can store 10 times more energy than graphite.
Also Read: GM Intensifies Electrification Push Via $760M Investment In Ohio Plant
"GM designed Ultium to be a supremely flexible platform so we can continuously improve our cells as battery technology advances," said Chief Technology Officer Kent Helfrich.
The company is scaling its Ultium EV Platform to reach 1 million units of annual EV manufacturing capacity in North America by 2025.
Related: GM Invests In Battery Recycling Company Lithion - What's On the Cards?
Price Action: GM shares are trading lower by 5.53% at $33.30 on the last check Thursday.
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