GM has placed a bet on the domestic supply of lithium by leading a $50-million funding round for a mining startup dubbed Energy Exploration Technologies, or EnergyX. The company also said it had entered a strategic partnership with EnergyX to jointly develop the latter’s lithium extraction and processing technology.
The move is GM’s latest in securing as many links in the EV manufacturing supply chain as it stands ready to reap the benefits of pro-EV legislation approved last year by Congress in the Inflation Reduction Act. The biggest…General Motors Bets On Domestic Lithium Supply With $50 Million Funding Round
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