gm joint venture news

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.

AOL · 10h

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.

Supply Chain · 12h

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 decrease its reliance on imported materials.

12hon 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.

21h

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 ...

14h

GM raises investment in lithium mine to nearly $1bn

US carmaker seeks to secure supply of metal expected to suffer shortfalls because of rising demand in switch to EVs ...

Canadian Mining Journal14h

Lithium Americas revamps Thacker Pass deal with GM in new US$625M JV

Shares in Lithium Americas (TSX: LAC; NYSE: LAC) jumped by 20.2% on Wednesday after it announced anew, US$625-million joint ...

bovnews17h

Lithium Americas (LAC) Surges on Exciting Joint Venture with GM

Lithium Americas and General Motors. The recent boost in Lithium Americas’ stock can be traced back to an exciting announcement regarding a new investmen ...

7don 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.

19hon MSN

GM agrees to $625 million 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 ...

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