DETROIT – General Motors and battery manufacturer Microvast are partnering to develop new electric vehicle battery technology and build a factory in the United States with hundreds of jobs to manufacture what they call specialized separators.
The two companies announced the partnership Wednesday, saying the factory and the specialized separator technology development will be funded by a $200 million grant from the U.S. Department of Energy’s Battery Materials Processing and Battery Manufacturing initiative and by $300 million that GM and Microvast will put into it.
“We’re characterizing it as a collaboration,” Sarah Alexander, Microvast general counsel, told the Free Press. “The bulk of the $300 million will come from Microvast.”
Separators are EV battery components that are key to safety. The companies will work to develop new separator technology that can help improve EV safety, charging and battery life.
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