EV battery startup pivots to defense industry amid Iran war, weak electric vehicle market [CNBC]
General Motors Company (GM)
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Source: CNBC
CEO Pamela Fletcher, a former executive at General Motors, told CNBC “the faster path, and frankly, a big need, is out there is in this defense space.” The move comes as how companies that bet on EVs are exploring different segments for their products amid lower-than-expected adoption of vehicles. In this article Low-cost Unmanned Combat Attack System (LUCAS) drones are positioned on the tarmac at a base in the U.S. Central Command operating area. Source: U.S. CENTCOM An Arizona-based battery startup led by a former General Motors executive is pivoting from making products for all-electric vehicles to ones for the aerospace and defense industries amid the war in Iran and growing demand for U.S. drones by the Trump administration. Sion Power expects to commercialize high-energy lithium-metal battery cells for drones and other defense-related products later this year after focusing on the development of all-electric vehicles for much of the past decade, according to CEO Pam
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