GM Investing $650M In Nevada Lithium Mine For EV Battery Production
About two weeks ago, General Motors announced a massive investment into new V8 engines and EV components. The American automaker now announces another major investment in the form of a $650 million joint project with Lithium Americas Corporation in the Thacker Pass mine in Nevada. This is the largest known source of lithium in the United States and the third largest in the world.
GM’s plan is to extract more lithium with the help of Lithium Americas to secure the production of future electric vehicles for the years to come. According to early estimations, the lithium extracted and processed from Thacker Pass can support the production of up to one million electric vehicles per year. Lithium carbonate will be used in the Ultium battery cells in models such as the Chevrolet Silverado EV and Cadillac Celestiq.
The $650 million investment will be split between two tranches. The first one will be held until there is an outcome of the Record of Decision ruling currently pending in the US District Court, which is expected by the end of this year. The second tranche will be made into Lithium Americas US division. Lithium extraction in Nevada is expected to begin in the second half of 2026. A total of about 1,500 new jobs will be created – 1,000 in construction and 500 in operations.
“GM has secured all the battery material we need to build more than 1 million EVs annually in North America in 2025 and our future production will increasingly draw from domestic resources like the site in Nevada we’re developing with Lithium Americas,” GM CEO Mary Barra comments. “Direct sourcing critical EV raw materials and components from suppliers in North America and free-trade-agreement countries helps make our supply chain more secure, helps us manage cell costs, and creates jobs.”
General Motors is currently producing electric vehicles in four factories – two Michigan plants, one Tennessee plant, and one Ontario plant. This new investment in Nevada comes after major projects in the supply chain for EV raw materials, processed materials, and components in California, Texas, Ohio, and Quebec.
Dodge CEO: Evil Leprechaun In Demon 170 Teasers Came From Weird Dreams
Dubai: 85 per cent of children suffer tooth decay by age 12; experts reveal why
Bruce Springsteen, Mindy Kaling to receive National Medal of Arts from Biden
Former Australian elite soldier charged with Afghan’s murder
What is the process for indicting Donald Trump on criminal charges?
Feeding Jews for a good reason: how to celebrate properly
Is There a Vaccine for RSV, and When Could One Be Approved?
This Is the Best Running Gear I’ve Found for Short Runners
A Ransomware Gang Claims It Hacked Amazon’s Ring
What Are Toothpaste Tablets? Plus 5 Options to Try in 2023: Bite, Huppy, Hello, Unpaste
Why Dolly Parton Won’t Ride the Big Bear Mountain Rollercoaster at Dollywood
Boston police ask for help finding missing 14-year-old Roxbury girl
The 3 Songs Each Member of The Beatles Performed in Tribute of John Lennon
SVB Carry Crash Increases Deflation Risk…But Not For Long
Robots are performing Hindu rituals
News22 hours ago
How the United States broke Iraq, 20 years after invasion
News22 hours ago
New fitness fad? Turbocharging your coffee!
News15 hours ago
Trump’s potential arrest hangs over Capitol Hill
News13 hours ago
Buster Murdaugh Denies Involvement in Death of Teen
News21 hours ago
Disneyland reopens Toontown, designed to be inclusive of ‘every single guest’
Wellness13 hours ago
What a Lifting Belt Can—and Can’t—Do for Your Workout
Travel15 hours ago
Air Canada Named One of the 50 Most Engaged Workplaces for Sixth Consecutive Year
News13 hours ago
Woman without arms and legs doesn't want empathy; she wants a job