From CNBC: 2024-10-16 16:46:44

General Motors will establish a joint venture with Lithium Americas Corp. with a $625 million investment in a lithium mining operation in Nevada. GM aims to secure raw materials like lithium from the U.S. to support its growing electric vehicle business. Lithium Americas’ stock rose 23% after the announcement. GM will have a 38% interest in the Thacker Pass project, contributing $625 million in cash and credit. This joint venture strengthens GM’s relationship with Lithium Americas as they work to develop a domestic lithium supply chain.



Read more at CNBC: GM, Lithium Americas agree to $625 million joint venture