General Motors Invests $625 Million in Nevada's Thacker Pass Project Joint Venture with Lithium Americas

Oct 16, 2024, 08:00 PM

General Motors has announced a significant investment of $625 million in a new joint venture with Lithium Americas, aimed at advancing the Thacker Pass lithium project located in Nevada. This investment will be allocated through a combination of cash and letters of credit, reinforcing GM's commitment to securing lithium supply for electric vehicle production. The partnership with Lithium Americas reflects GM's strategic focus on expanding its presence in the electric vehicle market and ensuring access to essential battery materials.