GM Allocates $900 Million to LMR Battery Development Center

General Motors plans to spend $900 million on a Battery Cell Development Center and related LMR battery chemistry at its Warren Technical Center outside Detroit. The center is intended to connect research efforts with large-scale production. Kurt Kelty, GM’s VP of battery and sustainability, said the new chemistry is expected to lower the price of the Chevrolet Silverado EV by about $6,000 while preserving its driving range.

GM is also expanding its use of artificial intelligence across vehicle programs. The company combines external AI models with internally developed systems to shorten development cycles. Sterling Anderson, GM’s chief product officer, and Jason Fischer, executive director of virtual integration engineering, discussed the approach in an interview scheduled for publication next week.

SpaceX added language to its S-1 filing stating it may issue a significant amount of equity for future transactions. The filing noted the possibility of dilution for existing shareholders. Carvana received an option to invest in Slate Auto, the electric-vehicle startup backed by Jeff Bezos.

Documents reviewed by TechCrunch indicate the option could lead to a broader commercial relationship. Layup Parts raised $42 million in a Series A round. Mach Industries closed a $300 million Series C at a $1.8 billion valuation. Spiro secured $215 million, bringing its valuation near $1 billion.