GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.

General Motors (GM) has announced that it will invest $625 million in a joint venture to mine the raw materials necessary for manufacturing electric vehicle (EV) batteries in the United States. This investment reflects GM’s commitment to the acceleration of EV production, emphasizing shifting towards a more sustainable future. The venture will aim to reduce the dependence on importing such materials and instead boost the local supply chain, bolstering the American EV manufacturing sector.