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GM's Military Unit Scores Electric Battery Tech Deal Following Its Hummer EV Demo

Benzinga Real-time News ·  Oct 6, 2022 15:11
  • General Motors Co's (NYSE:GM) subsidiary GM Defense has been selected by the Defense Innovation Unit (DIU) to develop a battery pack prototype for testing and analysis on Department of Defense platforms.
  • "This award is a critical enabler for non-traditional defense businesses like GM Defense to deliver commercial technologies that support our customers' transition to a more electric, autonomous and connected future," said Steve duMont, president of GM Defense.
  • Also Read: GM Registers 24% US Sales Growth In Q3
  • GM Defense will leverage battery technology, the Ultium Platform, for a scalable design that can be used for tactical military vehicles.
  • Ultium Platform is a combined electric vehicle (EV) battery architecture and propulsion system that can deliver power, range, and scale beyond any previous GM hybrid or extended range EV technology.
  • The Platform uses different chemistries and cell form factors, making it adaptable to changing needs and new technology insertions as they become available.
  • Also See: GM Partners With OneD To Increase Energy Density & Reduce Cost Of EV Batteries
  • This award follows a similar announcement GM Defense made in July when the business was chosen by the U.S. Army to provide a GMC HUMMER EV Pickup for analysis and demonstration.
  • Price Action: GM shares are trading lower by 0.65% at $34.62 on the last check Thursday.
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