GM and Lithium Americas to Develop U.S.-Sourced Lithium Production through $650 Million Equity Investment and Supply Agreement

URLhttps://www.prnewswire.com/news-releases/gm-and-li
SourcePRNewswire
Date Published01/31/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Lithium Americas
Parent companyGeneral Motors Co.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):500
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Capital investment ($):650
State(s) reshored to:NV
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium for EV batteries
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Image/brand, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Raw Materials Cost, clean energy
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