GM buys Israel-based software startup to detect early battery defects
(Reuters) - General Motors said on Friday it had acquired Algolion Ltd, an Israel-based software startup that helps detect problems in batteries. GM s...
Source: kelo.com
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General Motors acquires Israeli battery software startup
General Motors Co. has acquired Israel-based battery software startup ALGOLiON Ltd. for an undisclosed amount, the Detroit automaker said in a news release Friday. ALGOLiON was founded in 2014 and
Source: thebrunswicknews.com
GM buys Israel-based software startup to detect early battery defects
GM said Algolion's software will help the Detroit automaker bring to the market a "cost-effective" early hazard detection system at a quicker pace. The deal, for an undisclosed sum, comes at a time when automakers are investing billions in manufacturing electric vehicles (EVs) and rushing to develop batteries - which represent up to 50% of an EV's price tag - that can power an automobile for a longer duration. It also comes as safety authorities urge U.S. automakers to improve battery standards
Source: aol.com