GM (GM) is upping the ante on its EV bet, investing $625 million directly into a US-based lithium mine project. GM and miner Lithium Americas (LAC) announced the two companies will create a joint venture to develop and mine a site known as “Thacker Pass” in Humboldt County,

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,

General Motors (GM) is increasing its investment in a Nevada lithium mine and its operator to almost $1 billion as it looks to secure a long-term supply of a critical mineral for electric vehicle batteries.