General Motors has invested $650M in lithium extraction company Lithium Americas to support its EV ambitions.

 


General Motors has invested $650M in lithium extraction company Lithium Americas to support its EV ambitions.

 GM claims this is the largest investment in EV raw materials technology to date.


  • GM expects that it will have over $50B in revenue by 2025 from EV sales, a goal that requires access to lithium batteries.
  • Lithium Americas estimates the lithium extracted and processed from its production can help manufacture up to 1 million EVs per year.
  • The company expects its main project, the Thacker Pass mining operation in Nevada, to create 1,000 jobs in construction and 500 in operations.
  • Lithium Americas is active in the U.S. and Argentina.
  • The investment is pending approval from a U.S. court and is also contingent on Lithium Americans separating its U.S. and Argentina business divisions.

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