GM, EV and Lithium Americas
GM makes a $625 million lithium-battery move to shore up its EV supply chain
General Motors is investing $625 million in the electric-vehicle supply chain.The funds are set to help Lithium Americas Corp. develop and operate a major lithium mine in Nevada.Despite EV production cuts,
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 to invest $625 million in joint venture to mine EV battery raw materials in U.S.
General Motors has agreed to establish a joint venture with Lithium Americas Corp. that includes the automaker supplying $625 million in cash and credit to the Canadian mining business, the companies announced Wednesday.
GM Backs Biggest US Lithium Project With $625 Million Investment
General Motors Inc will commit $625 million toward what’s likely to be one of the biggest US lithium mines, reinforcing the automaker’s efforts to secure domestic supply of the battery metal critical for electric vehicles.
GM is investing almost $1 billion to ensure its access to a key mineral for EV batteries
General Motors (GM) is increasing its investment in a Nevada lithium mine and its operator to almost $1 billion as it looks to secure a long-term supply of a critical mineral for electric vehicle batteries.
GM backs top U.S. lithium project with $625 million investment
General Motors Inc will commit $625 million toward what’s likely to be one of the biggest US lithium mines, reinforcing the automaker’s efforts to secure supply of the battery metal critical for electric vehicles.
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 ...
Supply Chain1h
GM Invests $625M in EV Battery Material Mining Operation
GM is aiming to source more of its raw materials for electric vehicles from the U.S, to manage battery cell costs and ...
Automotive News3h
GM invests $10 million in materials science company Forge Nano for EV batteries
The automaker has invested in and partnered with companies along the EV battery supply chain, from raw materials to recycling ...
GM Tweaks Battery Strategy, Downplaying Much Ballyhooed Ultium Lithium-Ion Branding
GM's electrification strategy faces challenges, with slower BEV demand, battery issues, and a shift in battery technology.
Electrek1h
GM Ventures invests $10M in Forge Nano’s game-changing EV battery technology
GM Ventures has invested $10 million in materials science company Forge Nano, which makes Atomic Armor, an innovative EV battery technology.
GM’s PowerBank home battery is now available
GM is launching its new PowerBank home battery unit today, which slots right into the company’s lineup of residential energy ...
GM ditches failed Ultium battery branding as its EV sales soar
GM says it's time to embrace new cell formats and chemistries.
DBusiness Magazine1h
GM Ventures Invests $10M in Colorado’s Forge Nano to Advance Battery Tech
GM Ventures, the investment arm of General Motors Co. in Detroit, has invested $10 million in Forge Nano, a Colorado materials science company specializing in atomic layer deposition, and agreed to ...
GM launches PowerBank, a battery that could rival Tesla’s PowerWall
General Motor’s unit GM Energy has just released PowerBank, a stationary energy storage battery pack, which gives electric ...