GM invests $650M in lithium mining to lock down EV raw materials

General Motors said Tuesday it will invest $650 million into Lithium Americas as part of an agreement to develop a mine in Nevada, the latest effort by the automaker to lock down a supply chain of key components needed to produce millions of EVs.
The investment in raw materials for batteries is the biggest to date, according to GM. And it’s no wonder. General Motors has a litany of all-electric sedans, SUVs, crossovers and trucks that are coming to market in the next two years, including the GMC Sierra EV, Cadillac Lyriq, Chevrolet Silverado EV, Chevrolet Blazer EV and Chevrolet Equinox.

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