BusinessFebruary 6, 2023
General Motors announces major investment in EV lithium
General Motors announced Jan. 31 a planned $650 million investment in Lithium Americas, a company producing the critical component of lithium for electric vehicle batteries. Cable network CNBC called the move the largest investment an automaker has made to-date to secure necessary raw materials for battery production...
General Motors announced Jan. 31 a planned $650 million investment in Lithium Americas, a company producing the critical component of lithium for electric vehicle batteries.
Cable network CNBC called the move the largest investment an automaker has made to-date to secure necessary raw materials for battery production.
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Lithium extracted from Nevada's Thacker Pass mine will produce, GM said, enough lithium to power as many as 1 million newly manufactured EVs per year.
GM and Lithium Americas, in a joint statement, said lithium has "a very high energy density and withstands charging and discharging well."
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