general motors lithium americas news

General Motors to contribute $625M in cash, credit

General Motors to Invest $625M in JV to Source Lithium for EV Battery

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 ...

GlobalData on MSN · 10h

General Motors to invest $625m in Lithium Americas JV

General Motors (GM) will acquire a 38% stake in Thacker Pass for a total of $625m, with $430m in cash to aid Phase 1 construction.

Reuters on MSN · 1d

General Motors to contribute $625 million to new JV with Lithium Americas

Canadian miner Lithium Americas said on Wednesday General Motors will contribute $625 million to their new joint venture for developing the Thacker Pass project in Nevada. U.S. automakers are ramping up their output of EVs and hybrids and aiming to reduce their reliance on China for battery-related materials in a competitive market.

EV, GM and Lithium Americas

ET Auto · 15h

General Motors makes a USD 625 million lithium-battery move to shore up its EV supply chain

Canadian mining company Lithium Americas Corp announced in a press release on Wednesday that GM investing a total of $625 million to fund the mining of lithium carbonate, a critical component of EV batteries.

Reuters on MSN · 2h

After Nevada lithium deal, GM eyes other sources for EV minerals supply

General Motors is eyeing further North American investments in lithium and other critical minerals used to build electric vehicles after boosting its investment in a Nevada mine to nearly $1 billion earlier this week,

Business Insider on MSN · 1d

GM makes a $625 million lithium-battery move to shore up its EV supply chain

General Motors is investing $625 million in the domestic EV supply chain, partnering with Lithium Americas Corp to develop a lithium mine in Nevada.

1don MSN

Mine Deal With GM Sends Lithium Americas Stock Flying

Key Takeaways Lithium Americas and General Motors have formed a joint venture to extract lithium from the Thacker Pass site ...

Lithium Americas: You Ain't Seen Nothing Yet

Unlocking funding and pending loans, Lithium Americas offers strong long-term potential in the growing lithium market despite ...

electrive8h

General Motors founds joint venture for lithium production

Lithium producer Lithium Americas has entered into a new investment agreement with automotive company General Motors to form ...

Unlocking Thacker Pass: General Motors to Contribute Combined $625 Million in Cash and Letters of Credit to New Joint Venture with Lithium Americas

Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") announced the Company and General Motors ...

Lithium Americas: The Unloved Market Is Getting Some Attention

New ownership structure of Thacker Pass, with Lithium Americas holding 62% and General Motors 38%, is a positive development.

Toronto Stocks Advance; Lithium Americas Rises on Upgraded Investment by GM

Shares of Lithium Americas rose nearly 21% in Toronto to 4.46 Canadian dollars ($3.24) after it said General Motors will boost a planned investment in the miner's Thacker Pass project in Nevada to ...

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