GM to invest $650 million in a lithium company to support its electric vehicle business

In this article LAC+3.07 (+13.94%) GM+2.77 (+7.63%) US President Joe Biden, with General Motors CEO Mary Barra, looks at a Chevrolet Silverado EV as he tours the 2022 North American International Auto Show at Huntington Place Convention Center in Detroit, Michigan on September 14, 2022. – Biden is visiting the auto show to highlight electric vehicle manufacturing. US President Joe Biden, with General Motors CEO Mary Barra, looks at a Chevrolet Silverado EV as he tours the 2022 North American International Auto Show at Huntington Place Convention Center in Detroit, Michigan on September 14, 2022. – Biden is visiting the auto show to highlight electric vehicle manufacturing. Mandel Ngan | Afp | Getty Images General Motors said on Tuesday it plans to invest $650 million into Lithium Americas to secure access to lithium, a vital component of batteries for electric vehicles. It’s the biggest investment an automaker has ever made to secure sources of the raw materials that go into batteries, the companies said. When the lithium is extracted and processed from the Thacker Pass project, it will provide be enough for GM to make as many as one million electric vehicles per year. Lithium is a critical component […]

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