General Motors (GM) has announced a major investment of $650 million to secure a reliable supply of lithium for its electric vehicle production. The move is part of the company’s commitment to the electric vehicle revolution and its goal of becoming carbon neutral by 2040.
The investment will be used to purchase a stake in a lithium-mining operation in the United States. GM is the first major automaker to make such an investment, and it is a sign of the company’s commitment to the electric vehicle revolution.
Lithium is a key component in electric vehicle batteries, and securing a reliable supply of it is essential for GM’s electric vehicle production. The company has already invested heavily in electric vehicle technology, and this new investment will help ensure that GM has access to the lithium it needs to continue producing electric vehicles.
GM’s investment is also part of its larger goal of becoming carbon neutral by 2040. The company has already committed to transitioning its entire fleet to electric vehicles by 2035, and this new investment will help ensure that GM has access to the lithium it needs to make that transition.
The move is also a sign of GM’s commitment to the United States. By investing in a domestic lithium-mining operation, GM is helping to create jobs and boost the economy. It is also helping to ensure that the United States has access to a reliable supply of lithium for its own electric vehicle production.
GM’s investment is a major step forward in the electric vehicle revolution, and it is a sign of the company’s commitment to becoming carbon neutral by 2040. The move will help ensure that GM has access to the lithium it needs to continue producing electric vehicles, and it will also help create jobs and boost the economy.
