GM invests in Canadian battery recycler to fight supply shortage

General Motors is partnering with a Canadian battery recycler to produce new batteries from recovered battery materials, as it aims to scale EV production in North America amid supply shortages and rising costs.
The automaker invested through its GM Ventures arm in a Series A financing round for Lithion Recycling, a developer of advanced battery recycling technology. Together, the two companies will work toward establishing a circular ecosystem for recycling EV batteries, a critical bottleneck as the industry races to phase out gas engines at the end of the decade.
Until recently, the EV rollo

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