Gm and lithium americas to develop u.s.-sourced lithium production through $650 million equity investment and supply agreement

Thacker pass in nevada is the largest known source of lithium in the united states gm to receive exclusive access to phase 1 production material sourced from lithium americas will help support ev eligibility for consumer incentives under the u.s. clean energy tax credits detroit and vancouver, bc , jan. 31, 2023 /prnewswire/ -- general motors co. (nyse: gm) and lithium americas corp. (tsx: lac and nyse: lac) announced today they will jointly invest to develop the thacker pass mine in nevada, which is the largest known source of lithium in the united states and the third largest in the world. under the agreement, gm will make a $650 million equity investment in lithium americas, which represents the largest-ever investment by an automaker to produce battery raw materials.
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