GM invests $625M in lithium production capacity; automaker is partnering with Lithium Americas to develop the Thacker Pass mine in Nevada, where GM agreed to buy up to 100% of lithium produced for 20 years

Dive Brief:
General Motors is investing $625 million in Thacker Pass mine in Humboldt County, Nevada, as it looks to control more of its electric vehicle and battery end-to-end supply chain, the company announced on Wednesday. 

As part of the investment deal, GM will form a joint venture with critical mineral company Lithium Americas to fund, develop, construct and operate the mine. 

The deal replaces a January 2023 agreement between the two companies. GM already invested $320 million in the mine in the first of what would have been two tranches of the original $650 million agreement.

Lithium Americas
Tim Crowley | VP, Government & External Affairs

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