General Motors (GM) is investing heavily in battery raw material production as it prepares to scale up electric vehicle (EV) production in the coming years. The business stated that it would invest $650 million in Lithium Americas Corp. and collaborate with it to develop Nevada’s Thacker Pass lithium mine. This mine has the capacity to generate enough lithium to power up to 1 million electric vehicles each year. The lithium carbonate generated by this mine will be used in GM’s Ultium battery cells.
