General Motors Company

NYSE:GM   4:00:00 PM EDT
+0.29 (+0.81%)
: $36.09 +0.10 (+0.28%)
Production Guidance, Products, Strategic Combinations

GM And Lithium Americas To Develop U.S.-Sourced Lithium Production Through $650 Million Equity Investment And Supply Agreement

Published: 01/31/2023 11:51 GMT
General Motors Company (GM) - Gm and Lithium Americas to Develop U.S.-sourced Lithium Production Through $650 Million Equity Investment and Supply Agreement.
Gm - Co to Receive Exclusive Access to Phase 1 Production, Has the Right of First Offer on Phase 2 Production.
Gm - Lithium Americas Estimates Lithium Extracted and Processed From Project Can Support Production of Up to 1 Million Evs per Year.
Gm - Production at Thacker Pass is Projected to Begin in the Second Half of 2026.
Gm - Gm’s Investment Will Be Split Between Two Tranches.
Gm - Lithium Americas Expects Thacker Pass to Create 1,000 Jobs in Construction and 500 in Operations.
Gm - Announced Four U.S. Cell Plants With Annual Capacity of 160 Gigawatt Hours.
Gm - Co, Lithium Americas Will Jointly Invest to Develop the Thacker Pass Mine in Nevada.
Gm - Co's First Three Ultium Cells Plants Are Expected to Create 6,000 Jobs in Construction and 5,000 in Operations.
Further Company Coverage: Gmn ((reuters.