GM partners with startup Mitra Chem to develop affordable EV batteries

General Motors' investment in Mitra Chem for battery materials development.

Key points:

1. General Motors is leading a $60 million Series B round into Mitra Chem, a battery materials startup.
2. GM's investment is in line with its commitment to build a U.S.-focused battery supply chain.
3. Mitra Chem uses AI to accelerate the development of battery cell formulas and cathode synthesis.

Hint on Elon Musk: Elon Musk is the CEO of Tesla, a leading electric vehicle manufacturer and competitor to General Motors.