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General Motors to contribute $625M in cash, credit
General Motors to Invest $625M in JV to Source Lithium for EV Battery
General Motors Company GM has entered into a joint venture (JV) with Lithium Americas Corp. LAC. Per the JV, the automaker will supply $625 million in cash and credit to the Canadian mining company. The partnership focuses on developing,
General Motors to contribute $625M in cash, credit to new JV with Lithium Americas
Lithium Americas (NYSE:LAC) +19.4% pre-market Wednesday after announcing a new investment agreement with General Motors (GM) to establish a joint venture for the construction and operation of Thacker Pass in Nevada.
General Motors to contribute $625 million to new JV with Lithium Americas
Canadian miner Lithium Americas said on Wednesday General Motors will contribute $625 million to their new joint venture for developing the Thacker Pass project in Nevada. U.S. automakers are ramping up their output of EVs and hybrids and aiming to reduce their reliance on China for battery-related materials in a competitive market.
electrive
13m
GM invests $10 million in Forge Nano
The two companies have also entered into a strategic partnership agreement to collaborate on potential applications of Forge ...
Repairer Driven News
1h
GM shares behind-the-scenes engineering of EV sounds
General Motors has given a behind-the-scenes look at how engineers, designers, musicians, and those with sound quality ...
GM Authority
10h
GM Injects $625M Into Thacker Pass Mine Joint Venture With Lithium Americas
GM will invest $625 million to support a joint venture with Canadian mining company Lithium Americas and the Thacker Pass ...
Automotive News
14h
Daily 5 report for Oct. 17: GM clarifies 'virtual by 2025' goal
A statement from General Motors said the automaker doesn't have plans to shift its entire development system to virtual at ...
1d
GM makes a $625 million lithium-battery move to shore up its EV supply chain
General Motors is investing $625 million in the domestic EV supply chain, partnering with Lithium Americas Corp. to develop a ...
19h
GM CEO Mary Barra on what she’s learned during 10 year at the top
GM has come a long way since Barra became CEO. In fact, last year the company brought in $171.8 billion, its best performance ...
16h
on MSN
After Nevada Lithium Deal, GM Eyes Other Sources for EV Minerals Supply
While the Thacker Pass JV should supply GM with a "significant" amount of its lithium, the company is open to other critical ...
1d
General Motors Q3 Earnings Preview: It's A Make-Or-Break Moment
General Motors is beating the market in 2024 with strong earnings, cost reductions, and growth in the EV market, promising ...
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