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GM, EV and Lithium Americas
GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.
The deal is centered on the development, construction and operation of a lithium carbonite mining operation called Thacker Pass in Humboldt County, Nevada.
GM doubles down on EV batteries, invests $625M in lithium project
Previously, GM invested $320 million into Lithium Americas in exchange for 15 million shares back in February of last year. In total, GM has now invested $750 million into Lithium Americas and the joint venture, not including the $195 million line of credit.
GM makes a $625 million lithium-battery move to shore up its EV supply chain
General Motors is investing $625 million in the domestic EV supply chain, partnering with Lithium Americas Corp to develop a lithium mine in Nevada.
GM Authority
1h
GM Injects $625M Into Thacker Pass Mine Joint Venture With Lithium Americas
GM will invest $625 million to support a joint venture with Canadian mining company Lithium Americas and the Thacker Pass ...
cbtnews
8h
GM Partners with Lithium Americas for $625 million joint venture
GM has entered into a $625 million joint venture with Lithium Americas to develop and operate a lithium carbonate mining ...
1d
Unlocking Thacker Pass: General Motors to Contribute Combined $625 Million in Cash and Letters of Credit to New Joint Venture with Lithium Americas
Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") announced the Company and General Motors ...
1d
on MSN
Mine Deal With GM Sends Lithium Americas Stock Flying
Lithium Americas and General Motors have formed a joint venture to extract lithium from the Thacker Pass site in Nevada.
electrive
13h
General Motors founds joint venture for lithium production
Lithium producer Lithium Americas has entered into a new investment agreement with automotive company General Motors to form ...
7h
on MSN
After Nevada lithium deal, GM eyes other sources for EV minerals supply
General Motors is eyeing further North American investments in lithium and other critical minerals used to build electric ...
8d
on MSN
GM Remains All-In on EVs but Will Ditch ‘Ultium’ Name
Chevy Bolt will be priced slightly higher than the last model, while 2027 PHEVs will be a bridge to emissions compliance.
8d
GM ditches failed Ultium battery branding as its EV sales soar
GM says it's time to embrace new cell formats and chemistries.
1d
on MSN
GM joint venture 'super helpful' as lithium demand slumps, says Lithium Americas' CEO Jonathan Evans
Jonathan Evans, Lithium Americas president and CEO, joins 'Closing Bell Overtime' to talk its joint venture with General ...
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