GM invests $650 million in Lithium Americas Corp.

General Motors said on Tuesday that together with Lithium Americas Corp. will invest to develop the Thacker Pass mine in Nevada, the largest known lithium resource in the United States and the third largest in the world.

GM will make a $650 million equity investment in Lithium Americas, which GM CEO Mary Barra told Wall Street investors is “the largest investment by an automaker making battery raw materials.”

Barra said if the Thacker Pass mine comes online in the second half of 2026, it could support annual production of up to 1 million electric vehicles and create 1,000 jobs in construction and 500 in operations. GM will have exclusive access to the lithium once the investment process is complete.

“It’s a landmark investment and certainly won’t be the last,” announces GM, Barra said.

GM has made constant efforts to secure the materials needed to manufacture batteries for its electric vehicles. For example, last fall it made a strategic investment in Australia’s Queensland Pacific Metals to secure supplies of nickel and cobalt, both of which are critical to making batteries.