General Motors to Invest $625M in JV to Source Lithium for EV Battery
GM(GM) ZACKS·2024-10-17 22:26
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, building and operating the Thacker Pass lithium carbonate mining project in Humboldt County, NV. The construction at the site began in March 2023 after Lithium Americas successfully resolved a lengthy and complicated legal battle with conservationists, ranchers and Ind ...