Lithium metal battery startup SES raises $139 mln in GM-led …

April 19 (Reuters) - SES said on Monday it had raised $139 million in a funding round led by General Motors, as the lithium metal battery startup benefits from rising demand for electric …

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Lithium Metal Battery Startup SES Raises $139 Mln In GM-led …

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April 19 (Reuters) - SES said on Monday it had raised $139 million in a funding round led by General Motors, as the lithium metal battery startup benefits from rising demand for electric …

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General Motors Leads $139 Million Investment Into Lithium-metal …

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Apr 18, 2021 · General Motors is joining the list of big automakers picking their horses in the race to develop better batteries for electric vehicles with its lead of a $139 million investment into …

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General Motors Increases Investment In Lithium Mine To Nearly $1bn

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Oct 16, 2024 · US carmaker General Motors has increased its investment in a lithium mine to nearly $1bn as it seeks to secure the long-term supply of a metal that is crucial to the …

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GM To Invest $625 Million In Joint Venture To Mine EV Battery Raw ...

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Oct 16, 2024 · DETROIT — General Motors has agreed to establish a joint venture with Lithium Americas Corp. that includes the automaker supplying $625 million in cash and credit to the …

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General Motors To Invest $625M In JV To Source Lithium For EV …

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Oct 17, 2024 · In August, General Motors and Lithium Americas postponed a $330 million second-tranche investment to explore alternative investment structures. GM also announced a …

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General Motors Moves Deeper Into Mining With EnergyX Lithium …

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The EnergyX investment comes after GM in January agreed to pay $650 million to become the largest shareholder in Lithium Americas (NYSE: LAC) Corp, which is developing the Thacker …

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GM Backs Biggest US Lithium Project With $625m Investment

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Oct 16, 2024 · The cash-and-credit funding deal with project developer Lithium Americas Corp. builds on a $320-million investment that GM made in the Canadian company last year.

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General Motors To Invest $625M In JV To Source Lithium For EV

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Oct 17, 2024 · General Motors Company GM has entered into a joint venture (JV) with Lithium Americas Corp. LAC. Per the JV, the automaker will supply $625 million in cash and credit to …

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FAQs about Lithium metal battery startup SES raises $139 mln in GM-led … Coupon?

Did General Motors invest $320 million in Lithium Americas?

This JV follows General Motors' $320 million investment in Lithium Americas in February 2023, which included purchasing 15 million shares of the company. In August, General Motors and Lithium Americas postponed a $330 million second-tranche investment to explore alternative investment structures. ...

Did GM buy Lithium Americas?

The investment included GM acquiring approximately 15 million common shares of Lithium Americas. In August, GM and Lithium Americas agreed to delay a second tranche investment worth $330 million in the miner to explore alternative structures for the investment. ...

Does GM have a joint venture with Lithium Americas?

Under the deal announced on Wednesday, GM will enter into a joint venture with Lithium Americas to develop the Thacker Pass mine in Nevada. Lithium Americas’ shares surged 22 per cent on the news by lunchtime in Toronto. ...

Will GM invest $625 million to mine EV battery raw materials?

GM to invest $625 million in joint venture to mine EV battery raw materials in U.S. Securing raw materials such as lithium from the U.S. is crucial to GM’s plans to profitably grow its all-electric vehicle business. General Motors CEO Mary Barra speaks at the company's electric vehicle assembly plant in Detroit in 2021. ...

Will GM invest in lithium & cobalt?

Ford, GM and Stellantis, the owner of the Jeep and Peugeot brands, have invested in or offered pre-financing to lithium, cobalt and nickel producers. GM’s latest investment, however, represents a significant escalation in the contest to secure battery metals and highlights growing integration between the automotive and mining industries. ...

Why is lithium important to GM?

Lithium is a key component for batteries that power electric vehicles. Securing raw materials such as lithium from the U.S. is crucial to GM’s plans to profitably grow its all-electric vehicle business and meet tightening federal requirements for incentives to produce and sell the vehicles and the large batteries needed to power them. ...