GM Invests in Company Creating New, Stronger Steel Alloys

General MotorsGMUnited States of America, 1998 > present8 models
240 photos
has announced investment into NanoSteel Company, which is creating new steel alloys that are stronger and lighter. 

GM along with two other venture capital firms have invested in NanoSteel.

"We are investing in NanoSteel because of the opportunity associated with their new steel alloy technology. Over the next several years, light-weighting (sic) 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.

NanoSteel has patented new steel alloys that allow automakers to build cars with the same strength from lower gauge steel. It also allows auto companies to use the same machines as with conventional steel parts. 

“GM Ventures investment in NanoSteel demonstrates its confidence in our company’s potential to achieve widespread impact on the auto industry through our proprietary steel designs,” said Dave Paratore, president and CEO of NanoSteel.