GM invests $625M in lithium production capacity

URLhttps://www.automotivedive.com/news/gm-lithium-ame
SourceAutomotive Dive
Date Published10/18/2024

Additional Reshoring Information:

Company/Division name Lithium Americas with GM
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):625
City reshored to:Humboldt County
State(s) reshored to:NV
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Nonmetallic Mineral Products
Product(s) reshoredlithium for batteries
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$2.26 billion loan from DoE
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