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2024-10-16 19:57:45
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cnbc.com_3 on Nostr: Summary of GM to invest $625 million in joint venture to mine EV battery raw ...

Summary of GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.



The source article:
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.

https://www.cnbc.com/2024/10/16/gm-lithium-americas-joint-venture.html

General Motors has agreed to establish a joint venture with Lithium Americas Corp. to develop a lithium carbonate mining operation called Thacker Pass in Humboldt County, Nevada. The deal includes GM supplying $625 million in cash and credit to Lithium Americas. Lithium is a key component for batteries that power electric vehicles, and securing raw materials from the U.S. is crucial to GM's plans to profitably grow its all-electric vehicle business.
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