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<blockquote data-quote="Weather Man" data-source="post: 16931043" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3984848-general-motors-acquires-battery-software-startup-algolion-for-early-battery-defect-detection?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">General Motors acquires battery software startup Algolion</a></h3><p><a href="https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">GM +0.94%</a>Jul. 03, 2023 4:15 AM ET</p><ul> <li data-xf-list-type="ul">General Motors (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>) has acquired Israel-based battery software startup Algolion for an undisclosed amount.</li> <li data-xf-list-type="ul">The newly established Technology Acceleration and Commercialization (TAC) unit, a division of GM, was in charge of the acquisition.</li> <li data-xf-list-type="ul">The <a href="https://www.techshotsapp.com/technology/gm-acquires-israeli-software-startup-algolion-for-early-battery-defect-detection" target="_blank">move</a> aims to leverage Algolion's technology in detecting early defects in batteries and will help the Detroit automaker bring to the market a "cost-effective" early hazard detection system at a quicker pace.</li> <li data-xf-list-type="ul">Algolion has developed a software that uses data from EV battery management systems to help identify anomalies in cell performance and provide early detection of battery hazards including "thermal runaway propagation events", GM said.</li> <li data-xf-list-type="ul">Algolion, founded in 2014, will remain based in Israel and will join more than 850 employees at GM's Technical Center.</li> <li data-xf-list-type="ul">GM Israel is an essential component of the company's Global Product Development Group.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16931043, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3984848-general-motors-acquires-battery-software-startup-algolion-for-early-battery-defect-detection?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']General Motors acquires battery software startup Algolion[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']GM +0.94%[/URL]Jul. 03, 2023 4:15 AM ET [LIST] [*]General Motors (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]) has acquired Israel-based battery software startup Algolion for an undisclosed amount. [*]The newly established Technology Acceleration and Commercialization (TAC) unit, a division of GM, was in charge of the acquisition. [*]The [URL='https://www.techshotsapp.com/technology/gm-acquires-israeli-software-startup-algolion-for-early-battery-defect-detection']move[/URL] aims to leverage Algolion's technology in detecting early defects in batteries and will help the Detroit automaker bring to the market a "cost-effective" early hazard detection system at a quicker pace. [*]Algolion has developed a software that uses data from EV battery management systems to help identify anomalies in cell performance and provide early detection of battery hazards including "thermal runaway propagation events", GM said. [*]Algolion, founded in 2014, will remain based in Israel and will join more than 850 employees at GM's Technical Center. [*]GM Israel is an essential component of the company's Global Product Development Group. [/LIST] [/QUOTE]
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