Car manufacturers are going for the electric movement. It is a changing time for all, and even the sports car manufacturers are going electric. Sooner of later.
In order to secure the basic componets for the new electric cars, the manufacturers are signing contracts with various providers. Others are investing in start-ups, while others are going directly to the source.
In a recent statement, General Motos has announced a massive investement into new V8 engines and EV components. Now, the car giant said it will invest another $650 million in a project with ithium Americas Corporation in the Thacker Pass mine in Nevada. This is the largest known source of lithium in the United States.
Thanks to this move, GM will secure some of the lithium needed for the future car batteries. According to some early estimations, the lithium extracted and processed from Thacker Pass can support the production of up to one million electric vehicles per year.
Lithium extraction in Nevada is expected to begin in the second half of 2026.
