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Adam Bazih - 3 Matthew Lewis - 2 Stellantis - 2 Bazih - 2 Rebecca Cook - 1 Jonathan Rowntree - 1 Anirvan Coomer - 1 Niron - 1
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Search resuls for: "Adam Bazih"


3 mentions found


☆ GM, Stellantis invest in EV magnet startup in move to reduce China reliance
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +3 min
[1/2] The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Today, roughly 90% of the rare-earth magnet supply is dependent upon China." "There's a lot of manufacturing steps and a lack of price transparency in this industry with rare earths, given the concentration of supplies in China," Niron Senior Director Tom Grainger said. The deal comes despite GM's 2021 agreement to buy rare-earth magnets from MP Materials (MP.N). MP has struggled to refine its own rare earths in California, but has been building a magnet facility in Texas.
Persons: Rebecca Cook, Jonathan Rowntree, Anirvan Coomer, Adam Bazih, Niron, Tom Grainger, Nathan Gomes, Ernest Scheyder, Ben Klayman, Matthew Lewis Organizations: General Motors, REUTERS, GM, Stellantis Ventures, Materials, Thomson Locations: Detroit , Michigan, U.S, China, Minneapolis, California, Texas, Bengaluru, New York
☆ Stellantis invests 100 million euros in startups, mobility fund
  + stars: | 2023-06-15 | by ( Joseph White | Thomson Reuters | Joe White Is A Global Automotive Correspondent For Reuters | ) www.reuters.com   time to read: +2 min
DETROIT, June 15 (Reuters) - The venture capital arm of automaker Stellantis (STLAM.MI) said on Thursday it will invest about 100 million euros ($108.3 million) in automotive and battery technology startups and a mobility venture fund. Stellantis Ventures will put an undisclosed amount into a mobility venture fund that Bazih said he could not name because it has not finalized regulatory paperwork. The company is one of several established automakers that have set up venture capital arms to gain access to new technology and talent. Venture capital investments can go wrong 70 to 80% of the time, he said. Lyten, EV battery technology including lithium sulfur batteries.
Persons: Stellantis, Adam Bazih, Bazih, Joe White, Matthew Lewis Organizations: DETROIT, Stellantis Ventures, Venture, Stellantis, EV, Thomson Locations: Stellantis, Lyten, Detroit
☆ Stellantis Ventures spends first 100 million euros on green drive
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +2 min
The world's third largest carmaker by sales, last year launched Stellantis Ventures with an initial 300 million euros to invest in start-ups developing technologies that will further its 2030 goals, including those concerning the transition to lower-emission mobility. "We are using the strength of Stellantis Ventures to connect with companies that are developing cutting-edge technology that we believe can transform the in-cabin experience and improve the mobility sector," Stellantis technology chief Ned Curic said in a statement. Stellantis Ventures' global head Adam Bazih said the arm had so far used roughly a third of its funding to support 10 start-up companies and one mobility venture fund. They include lithium-sulfur EV batteries start-up Lyten, which Stellantis separately announced last month. Stellantis did not disclose the name of the U.S.-based mobility venture fund it is helping to fund due to a pending regulatory process, Bazih said.
Persons: Ned Curic, Adam Bazih, Stellantis, Bazih, Giulio Piovaccari, Gilles Guillaume, Jane Merriman, Barbara Lewis Organizations: Stellantis, MILAN, Stellantis Ventures, Products, Thomson Locations: U.S, Europe
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