GM Plans to Invest in Lithium Mine
Stake would give it access to one of world’s biggest stores of key EV battery element.

GMC Hummer EV Edition. GM now refers to itself as 'focused on advancing an all-electric future that is inclusive and accessible to all.'
IMAGE: General Motors
General Motors has tentatively agreed to invest $650 million into mining company Lithium Americas Corp. as the Detroit automaker seeks to boost electric battery production with exclusive access to the biggest known U.S. source of a key battery element.
GM, which now refers to itself as “focused on advancing an all-electric future that is inclusive and accessible to all,” plans to make an equity investment that’s contingent on legal and environmental approvals of the Thacker Pass project, which faces lawsuits by tribes and conservationists.
In a letter to shareholders on GM’s fourth-quarter earnings, Chair and CEO Mary Barra noted that the Chevrolet Bolt EV and Bolt EUV had record sales, “which demonstrates the importance of affordable EVs in our portfolio. They were the best-selling mainstream EVs in the second half of 2022, and we plan to increase production to more than 70,000 this year for global markets.”
The Biden administration has prioritized increased North American sourcing and production of electric-vehicle batteries in order for the U.S. to be less reliant on sources in Asia, particularly China. The Nevada lithium source is the world’s third-largest, according to Lithium Americas, which says it could support production of as many as a million EVs annually.
The U.S. and Mexico plan to work to integrate their supply chains and expand electric vehicle production via Mexico’s nationalized lithium industry. Mexico President Andrés López Obrador said last fall that his plan is for the northern border state of Sonora to be a leader in lithium, electric vehicle and solar energy production.
More Dealer Ops

Ladies and Gentlemen, This Is a Dealership: Why the Fundamentals Still Decide Who Wins
A teaching moment by a legendary football coach happens to apply perfectly in the auto retail space. Learn what it is and how to use it to your store’s advantage.
Read More →
Timing the Market Can Hurt Long-Term Program Performance
For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
Read More →
Dealer Ads and the FTC
The agency has made it clear in recent enforcement actions and warnings, in auto retail and other industries, that advertised prices must include all nonoptional costs to the consumer.
Read More →
Used Autos Supply Dwindles
The March shopping surge, despite high prices, cut into inventory by the most since the thick of the pandemic, Cox Automotive analysts calculated.
Read More →
Managing Risk Effectively Through Changing Times
The variables influencing risk pricing have changed significantly over the past five years. Being proactive and responsive to emerging trends is not optional but essential.
Read More →
Survey Reveals What Won't Fix What's Breaking Car Sales
AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.
Read More →
IA American Appoints Two Execs
Senior vice presidents of the company's agent and dealer channels chosen to support general agents and help auto dealers with sales and performance.
Read More →
Cox Automotive Acquires Inspection Firm
Full ownership of Alliance Inspection Management, or AiM, meant to unlock growth for Manheim inspection capabilities
Read More →
Assurant Expands Partnership With Holman
Extended collaboration delivers training, products and performance development to 30 newly acquired Holman dealerships
Read More →
Franchises, Throughput Down in First Half
A handful of states see franchise growth through June, while EV sales per store boost overall business in U.S.
Read More →