GM and Lithium Americas have just announced a new joint investment to develop the Tracker Pass mine in Nevada for lithium extraction. Under this new joint venture, General Motors will invest USD 650 million into Lithium Americas, which represents the largest-ever investment by an automaker to produce raw battery materials. Tracker Pass mine is the largest known source of lithium in the U.S., and the third largest in the world. Extraction at the Tracker Pass mine is expected to begin in the second half of 2026. GM is to receive exclusive access to Phase 1 production through a binding agreement, and will be the first to be offered Phase 2 production.“The agreement with GM is a major milestone in moving Thacker Pass toward production, while setting a foundation for the separation of our U.S. and Argentine businesses,” said Lithium Americas President and CEO Jonathan Evans. “This relationship underscores our commitment to develop a sustainable domestic lithium supply chain for electric vehicles. We are pleased to have GM as our largest investor, and we look forward to working together to accelerate the energy transition while spurring job creation and economic growth in America.”
GM and Lithium Americas have just announced a new joint investment to develop the Tracker Pass mine in Nevada for lithium extraction. Under this new joint venture, General Motors will invest USD 650 million into Lithium Americas, which represents the largest-ever investment by an automaker to produce raw battery materials. Tracker Pass mine is the largest known source of lithium in the U.S., and the third largest in the world. Extraction at the Tracker Pass mine is expected to begin in the second half of 2026. GM is to receive exclusive access to Phase 1 production through a binding agreement, and will be the first to be offered Phase 2 production.“The agreement with GM is a major milestone in moving Thacker Pass toward production, while setting a foundation for the separation of our U.S. and Argentine businesses,” said Lithium Americas President and CEO Jonathan Evans. “This relationship underscores our commitment to develop a sustainable domestic lithium supply chain for electric vehicles. We are pleased to have GM as our largest investor, and we look forward to working together to accelerate the energy transition while spurring job creation and economic growth in America.”
