GM invests $625M in Lithium Americas joint venture for Thacker Pass lithium project in Nevada for EV battery production.

General Motors (GM) has announced a $625 million investment in a joint venture with Lithium Americas to develop the Thacker Pass lithium project in Nevada. This partnership grants GM a 38% stake and aims to secure lithium for electric vehicle (EV) batteries, aligning with federal incentives for EV production. The project, one of the largest lithium resources in the U.S., is expected to achieve production by the mid-2020s and reduce reliance on foreign lithium sources.

October 16, 2024
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