General Motors Co. and the U.S. Department of Energy’s Argonne National Laboratory announced that they have reached a worldwide licensing agreement to use Argonne’s patented composite cathode material to make advanced lithium-ion batteries that last longer between charges and can charge at higher voltages.
“The creation of this battery technology represents an important return on the American investment in innovative vehicle and battery research,” said Energy Secretary Steven Chu. “This agreement gives General Motors the ability to use cutting-edge battery technology throughout its supply chain. The licensing of this technology will also spur the renewal of the American battery industry, creating hundreds of new jobs where they are needed most.”