DETROIT Jan. 26, 2011
- $17 million
- Early testing of Envia’s composite cathode material shows improvement in energy density of lithium-ion cells by up to one-third for more capable and affordable electrically driven vehicles of the future
$7 million Newark, Calif.
Asahi Glass $17 million
"We believe our battery materials have taken the technology lead that will help lower price points and unlock the market potential for our customers," Kapadia said. "With our technology and products, we believe that Envia is best-positioned to win a significant portion of this very large battery materials market."
Envia’s advanced cathode technology uses inexpensive materials that store more energy per unit of mass than current cathode materials. Since the cathode is a key driver for the overall battery cost, the more energy the cathode delivers, the lower the battery cost because fewer cells are needed.
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About Envia Systems: Newark, California www.enviasystems.com
SOURCE General Motors