GENERAL MOTORS WILL CONTRIBUTE $625 MILLION TO NEW JV WITH LITHIUM AMERICAS

Canadian miner Lithium Americas said on Wednesday General Motors will contribute $625 million to their new joint venture for developing the Thacker Pass project in Nevada.

U.S. automakers are ramping up their output of EVs and hybrids and aiming to reduce their reliance on China for battery-related materials in a competitive market.

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