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GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.
The deal is centered on the development, construction and operation of a lithium carbonite mining operation called Thacker Pass in Humboldt County, Nevada.
GM is investing almost $1 billion to ensure its access to a key mineral for EV batteries
General Motors (GM) is increasing its investment in a Nevada lithium mine and its operator to almost $1 billion as it looks to secure a long-term supply of a critical mineral for electric vehicle batteries.
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,
GM Authority
9m
GM Injects $625M Into Thacker Pass Mine Joint Venture With Lithium Americas
GM will invest $625 million to support a joint venture with Canadian mining company Lithium Americas and the Thacker Pass ...
1d
on MSN
GM joint venture 'super helpful' as lithium demand slumps, says Lithium Americas' CEO Jonathan Evans
Jonathan Evans, Lithium Americas president and CEO, joins 'Closing Bell Overtime' to talk its joint venture with General ...
cbtnews
7h
GM Partners with Lithium Americas for $625 million joint venture
GM has entered into a $625 million joint venture with Lithium Americas to develop and operate a lithium carbonate mining ...
2d
Russia Seeks $1 Billion From Oil Giant Shell Over Failed Joint Venture
Russia has filed a suit against Shell in a legal wrangle over the energy giant's departure following the start of war in ...
10h
on MSN
Anonymous Content Expands Footprint in Australia, New Zealand Through Joint Venture With Producer Brouhaha Entertainment (EXCLUSIVE)
Anonymous Content has struck a partnership with Brouhaha Entertainment, the production banner behind “Boy Swallows Universe,” ...
9h
Mothercare Enters Into Joint Venture for South Asia; Agrees on New Debt Facilities
Mothercare said it entered into a joint venture with Reliance Brands Holding UK to collaborate in South Asia, and that it agreed on new debt facilities.
1d
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 ...
2d
Phillips 66 Sells Remaining Interest in Coop Mineraloel Joint Venture
Phillips 66 CEO Mark Lashier said the sale is part of the company’s commitment to divest over $3 billion of assets. Coop ...
2d
Joint German-Italian Battle Tank Venture Could Shake Up European Armor Landscape
Two major defense players from Italy and Germany have teamed up to build tanks and infantry fighting vehicles, initially ...
The Financial Express
8h
Reliance announces joint venture with Mothercare, aims to expand in South Asia
Under the terms of the agreement, RBL UK will hold a 51% stake in the joint venture, while Mothercare Global Brand Limited ...
7h
Reliance Brands, Mothercare deepen ties with new joint venture for South Asia
Reliance Brands Ltd has deepened its partnership with Mothercare Plc by forming a joint venture that will own the Mothercare ...
15h
Indonesia Forms $1.2 Billion Battery Venture with China’s CATL
Indonesia announced a joint venture with China’s Contemporary Amperex Technology Co. Ltd. to invest $1.2 billion in battery ...
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