financetom
Business
financetom
/
Business
/
General Motors' GM Defense Unit Testing Battery Electric Technology for Future Military Use
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
General Motors' GM Defense Unit Testing Battery Electric Technology for Future Military Use
Jun 25, 2024 6:51 AM

09:27 AM EDT, 06/25/2024 (MT Newswires) -- General Motors' ( GM ) GM Defense unit said Tuesday it's providing commercial battery electric technology to back projects at the University of Texas at Arlington's Pulsed Power and Energy Laboratory and Naval Surface Warfare Center Philadelphia Division.

The projects are funded by the US Defense Department, the company said.

Financial details weren't provided.

The Pulsed Power and Energy Laboratory is testing the technology to understand the capabilities of commercial automotive batteries under dynamic discharge and charge scenarios, GM Defense said.

The project will provide options for energy storage for future use in military platforms, the company said, adding it's using GM's Ultium battery system for testing.

Price: 48.00, Change: -0.11, Percent Change: -0.23

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Russia's Rusagro loses a third of its value after arrest of billionaire founder Moshkovich
Russia's Rusagro loses a third of its value after arrest of billionaire founder Moshkovich
Mar 27, 2025
* Rusagro tumbles 32% over two days in Moscow trade * Founder Moshkovich detained for fraud * Rusagro says it complies with the law * Case connected with vegetable oil producer - media (Adds details) By Guy Faulconbridge MOSCOW, March 27 (Reuters) - Russian agricultural producer Rusagro has lost nearly a third of its value on the Moscow stock exchange...
WF Holding Prices $8 Million IPO
WF Holding Prices $8 Million IPO
Mar 27, 2025
04:41 AM EDT, 03/27/2025 (MT Newswires) -- WF Holding ( WFF ) said late Wednesday it priced its initial public offering of 2 million shares at $4 apiece for about $8 million in expected gross proceeds. The Malaysia-based fiberglass reinforced plastic product maker has granted a 45-day overallotment option to the underwriters to acquire up to 300,000 additional shares. The...
Next CEO's billion pound milestone stirs succession concern
Next CEO's billion pound milestone stirs succession concern
Mar 27, 2025
LONDON (Reuters) - British clothing retailer Next joined the one billion-pound profit club on Thursday, but while investors celebrate, they are also starting to worry about the lack of a clear succession plan for its star CEO of 24 years Simon Wolfson. His stellar track record has made Next one of only a handful of big British companies closely associated...
Czech gunmaker Colt CZ proposes dividend, buyback program as 2024 earnings rise
Czech gunmaker Colt CZ proposes dividend, buyback program as 2024 earnings rise
Mar 27, 2025
PRAGUE, March 27 (Reuters) - Czech gunmaker Colt CZ Group reported a 50% rise in both revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) in 2024, and said on Thursday it would proposed a dividend and share buy-back program from earnings. Revenue rose last year to 22.4 billion crowns ($968.10 million), just above company guidance, and adjusted EBITDA...
Copyright 2023-2026 - www.financetom.com All Rights Reserved