Reported about 1 month ago
General Motors (GM) is significantly increasing its investment in electric vehicle (EV) battery production by committing $625 million to a lithium mining project in Nevada, in collaboration with Lithium Americas. This joint venture aims to develop the Thacker Pass site, providing critical raw materials for EV batteries sourced domestically, thus reducing reliance on foreign suppliers. The investment reinforces GM's strategy to secure its supply chain for EV components, aligning with the U.S. government's efforts to bolster domestic production.
Source: YAHOO