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General Motors, Lithium Americas and EV
General Motors to Invest $625M in JV to Source Lithium for EV Battery
General Motors Company GM has entered into a joint venture (JV) with Lithium Americas Corp. LAC. Per the JV, the automaker will supply $625 million in cash and credit to the Canadian mining company. The partnership focuses on developing,
General Motors to contribute $625 million to new JV with Lithium Americas
Canadian miner Lithium Americas said on Wednesday General Motors will contribute $625 million to their new joint venture for developing the Thacker Pass project in Nevada. U.S. automakers are ramping up their output of EVs and hybrids and aiming to reduce their reliance on China for battery-related materials in a competitive market.
General Motors makes a USD 625 million lithium-battery move to shore up its EV supply chain
Canadian mining company Lithium Americas Corp announced in a press release on Wednesday that GM investing a total of $625 million to fund the mining of lithium carbonate, a critical component of EV batteries.
Money Talks News on MSN
14h
Goodbye Range Anxiety: GM's New Battery Charges at Warp Speed
General Motors partners with Chinese battery giant CATL to create the fastest-charging EV battery yet. The new technology promises 124 miles of range in just five minutes, potentially transforming the ...
GM Authority
6d
GM Expects To Save $6,000 Per EV By Using LFP Battery Cells
GM Vice President, Battery and Pack Kurt Kelty has outlined some of The General's cost saving plans as they relate to driving ...
1d
on MSN
GM partners with startup Forge Nano to improve EV battery life, performance, and safety
General Motors is working with Forge Nano, a materials science startup, to find new ways to enhance the performance and ...
9d
General Motors Kills Battery Brand, Revives EV Profit Outlook
General Motors CEO Mary Barra and other top execs worked to assure investment analysts its EV strategy is sound, but the end ...
GM Authority
1d
GM Ventures Invests $10 Million In Forge Nano For Battery Material Coating
GM Ventures is making a $10 million investment in Colorado-based Forge Nano to develop battery coating materials that can ...
8d
on MSN
General Motors Drops Ultium Name, Announces New Battery Facility
Despite dropping the name, the batteries will stick around, and the new facility aims to reduce costs and development times ...
8d
GM ditches failed Ultium battery branding as its EV sales soar
GM says it's time to embrace new cell formats and chemistries.
9h
The Battery Show Celebrates Largest Event Yet at Inaugural Detroit Location
The 14th annual Battery Show North America kicked off in the Motor City and highlighted the continued acceleration of EV and ...
6d
on MSN
Portable Battery Solutions By EV Makers Can Power Homes During Hurricanes
Portable power banks can provide electricity to homes and cars in the event of an emergency where there is a loss of power ...
9h
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 ...
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