General Motors invests $650 million in Lithium Americas for Thacker Pass partnership

Lithium Americas/Thacker Pass Lithium Mine Phase 1

General Motors made a $650 million equity investment in Lithium Americas and formed a joint venture on the Thacker Pass project. GM holds 38% of the JV, Lithium Americas holds 62%, and GM gains exclusive access to Phase 1 lithium production. The partnership secures a critical raw material for GM's EV battery supply chain.

• GM's $650 million is the largest investment by an automaker in battery raw materials.
• Phase 1 joint venture: Lithium Americas 62%, General Motors 38%.
• GM has exclusive offtake rights to Phase 1 lithium carbonate and a right of first offer on Phase 2.
• Lithium from Thacker Pass can support up to 1 million EV batteries per year.