GM to invest $650 million in the lithium company Lithium Americas to support its EV business, which CEO Mary Barra says will have 'a breakout year' in 2023.
and components from suppliers in North America and free-trade-agreement countries helps make our supply chain more secure, helps us manage cell costs, and creates jobs," GM Chair and CEO Mary Barra said in a statement announcing the investment.
In exchange for its investment, GM will get exclusive access to the first phase of lithium production and the right of first offer on the second phase of lithium production that will come out of, which is the largest source of lithium that has been identified in the United States, according to GM and Lithium Americas.
"It's an exciting milestone, and we couldn't ask for a better organization than General Motors to become our largest investor," Lithium Americas President and CEO Jonathan Evans told CNBC. "GM shares our commitment to meaningfully advancing the energy transition, and I'm confident that together we can make Thacker Pass a major player in a secure, integrated North American supply chain from critical battery materials to EVs.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Lithium Americas stock rises on GM’s $650 million equity investmentLithium Americas Corp. stock was up 9.2% in premarket trading Tuesday after it said General Motors Co. agreed to invest $650 million in the company to help...
Weiterlesen »
GM, Lithium Americas to develop Thacker Pass mine in NevadaGeneral Motors Co and Lithium Americas Corp on Tuesday announced they would jointly invest to develop the Thacker Pass mine in Nevada.
Weiterlesen »
There are 'always opportunities' in real estate, Crow Holdings CEO says - CEO SpotlightMichael Levy, the CEO of Dallas-based Crow Holdings, tells KRLD's David Johnson there are always opportunities in real estate, regardless of the economic cycle.
Weiterlesen »
Scholz visits South America in race with China for lithiumOlaf Scholz hopes his trip to Latin America will help secure the lithium supplies that Mercedes-Benz and Volkswagen need.
Weiterlesen »
Stanford Breakthrough Paves Way Next-Generation Lithium Metal Batteries That Charge Very QuicklyNew lithium metal batteries with solid electrolytes are lightweight, inflammable, pack a lot of energy, and can be recharged very quickly, but they have been slow to develop due to mysterious short-circuiting and failure. Now, researchers at Stanford University and SLAC National Accelerator Laborato
Weiterlesen »
European Metals soars as Czech lithium project labelled “strategic”Nomination means the project will be given priority for financing from fund that supports European Union regions' green transition.
Weiterlesen »