Home Stock GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.

GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.

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General Motors (GM) is reportedly investing $625 million into a joint venture that aims to mine essential raw materials for electric vehicle (EV) batteries in the United States. The move comes as part of GM’s broader push towards becoming an all-electric automaker, as demand for EVs continues to rise worldwide.

These raw materials include metals such as lithium, cobalt, nickel, and graphite required for making EV batteries. By investing in domestic mining operations, GM aims to reduce its dependence on overseas

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