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GM, Lithium Americas
GM makes a $625 million lithium-battery move to shore up its EV supply chain
General Motors is investing $625 million in the electric-vehicle supply chain.The funds are set to help Lithium Americas Corp. develop and operate a major lithium mine in Nevada.Despite EV production cuts,
GM doubles down on EV batteries, invests $625M in lithium project
Previously, GM invested $320 million into Lithium Americas in exchange for 15 million shares back in February of last year. In total, GM has now invested $750 million into Lithium Americas and the joint venture, not including the $195 million line of credit.
GM Invests $625M in EV Battery Material Mining Operation
GM is aiming to source more of its raw materials for electric vehicles from the U.S, to manage battery cell costs and decrease its reliance on imported materials.
12h
on MSN
GM partners with startup Forge Nano to improve EV battery life, performance, and safety
General Motors is working with Forge Nano, a materials science startup, to find new ways to enhance the performance and ...
GM Authority
7h
GM Ventures Invests $10 Million In Forge Nano For Battery Material Coating
GM Ventures is making a $10 million investment in Colorado-based Forge Nano to develop battery coating materials that can ...
3d
GM Tweaks Battery Strategy, Downplaying Much Ballyhooed Ultium Lithium-Ion Branding
GM's electrification strategy faces challenges, with slower BEV demand, battery issues, and a shift in battery technology.
Automotive News
12h
GM invests $10 million in materials science company Forge Nano for EV batteries
The automaker has invested in and partnered with companies along the EV battery supply chain, from raw materials to recycling ...
6d
on MSN
GM’s PowerBank home battery is now available
GM is launching its new PowerBank home battery unit today, which slots right into the company’s lineup of residential energy ...
8d
on MSN
GM drops Ultium name, says it will build a new battery center and EVs will be profitable
GM made several announcements at its investor day Tuesday including that it will build a new battery cell development center ...
4d
on MSN
GM launches PowerBank, a battery that could rival Tesla’s PowerWall
General Motor’s unit GM Energy has just released PowerBank, a stationary energy storage battery pack, which gives electric ...
8d
on MSN
GM’s Ultium battery gets the ultimatum
During an investor event today, Kurt Kelty, GM’s VP of batteries and a former Tesla executive, announced plans to adopt ...
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