A2: Business

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The New York Times reports on a $3.2 million investment that Ann Arbor-based Sakti3 is receiving from General Motors Ventures. The lithium-ion battery developer is led by Ann Marie Sastry, a UM professor: “The race is on in advanced battery development, with the aim of quickly riding down the cost curve. Who can get advanced batteries to market profitably? We have a technology that gives us optimism that we can make cost-effective battery cells.” [Source]