GM Ventures Invests in Company Developing Lightweight Steel
DETROIT – General Motors Ventures LLC, a subsidiary created by the automaker, has invested in The NanoSteel Company, which has created a new lightweight steel technology. According to GM, NanoSteel’s technology allows automotive engineers and designers to reduce vehicle weight by using thinner, higher strength gauges that still meet structural integrity levels required for safety.
“We are investing in NanoSteel because of the opportunity associated with their new steel alloy technology,” said Jon Lauckner, GM’s chief technology officer, vice president of Global R&D and president of GM Ventures LLC. “Over the next several years, light-weighting of vehicles will be a major focus area to improve fuel economy. NanoSteel’s nano-structured alloys offer unique material characteristics that are not available today, making them a potential game-changer.”
GM noted that reducing vehicle weight is critical to improving vehicle fuel economy and meeting new U.S. Corporate Average Fuel Economy (CAFE) standards.
You can watch a video from The NanoSteel Company below that explains why the company was founded and describes its lightweight steel technology.