GM Ventures is a subsidiary of General Motors created to invest in promising automotive technologies, and the brands latest investment has just gone to NanoSteel, a manufacturer of lightweight, high strength steel.
Shedding pounds off of new cars is a goal for every automaker, as it helps to reduce fuel consumption, and improve performance. The problem is that when trying to lose weight, the lighter materials are generally not as strong. NanoSteel is a leader in nano-structured steel, a new lightweight high strength material that General Motors is looking to incorporate into its future vehicles.
“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,” said Jon Lauckner, GM’s chief technology officer and president of GM Ventures LLC.
Meeting U.S. corporate average fuel economy standards has become a priority for every automaker, and GM is looking to reduce weight to help fuel economy across its range of cars.