algolion

General Motors said on Friday it had acquired Algolion Ltd, an Israel-based software startup that helps detect problems in batteries.GM said Algolion's software will help the Detroit automaker bring to the market a "cost-effective" early hazard detection system at a quicker pace. The deal, for an undisclosed sum, comes at a time when automakers are investing billions in manufacturing electric vehicles (EVs) and rushing to develop batteries - which represent up to 50% of an EV's price tag - that can power an automobile for…

It also comes as safety authorities urge U.S. automakers to improve battery standards after a series of events where vehicles have caught fire due to defective modules.General Motors said on Friday it had acquired Algolion Ltd, an Israel-based software startup that helps detect problems in batteries.GM said Algolion's software will help the Detroit automaker bring to the market a "cost-effective" early hazard detection system at a quicker pace.The deal, for an…

GM said Algolion's software will help the Detroit automaker bring to the market a "cost-effective" early hazard detection system at a quicker pace.General Motors said on Friday it had acquired Algolion Ltd, an Israel-based software startup that helps detect problems in batteries.GM said Algolion's software will help the Detroit automaker bring to the market a "cost-effective" early hazard detection system at a quicker pace.The deal, for an undisclosed sum, comes at a…