GM to Invest $246 Million in Electric Motors
"In the future, electric motors might become as important to GM as engines are now," GM Vice President Tom Stephens said. "By designing and manufacturing electric motors in-house, we can more efficiently use energy from batteries as they evolve, potentially reducing cost and weight - two significant challenges facing batteries today."
The $246 million to be invested includes a $105 million grant awarded last year by the Department of Energy.
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