GM and Lithium Americas have just announced a new joint investment to develop the Tracker Pass mine in Nevada for lithium extraction.
Under this new joint venture, General Motors will invest $650 million into Lithium Americas, which represents the largest-ever investment by an automaker to produce raw battery materials. It’s worth noting that the Tracker Pass mine is the largest known source of lithium in the U.S., and the third largest in the world.
“GM has secured all the battery material we need to build more than 1 million EVs annually in North America in 2025 and our future production will increasingly draw from domestic resources like the site in Nevada we’re developing with Lithium Americas,” said GM Chair and CEO Mary Barra. “Direct sourcing critical EV raw materials and components from suppliers in North America and free-trade-agreement countries helps make our supply chain more secure, helps us manage cell costs, and creates jobs.”
Extraction at the Tracker Pass mine is expected to begin in the second half of 2026. GM is to receive exclusive access to Phase 1 production through a binding agreement, and will be the first to be offered Phase 2 production. Following this investment, Lithium Americas forecasts that this project will create 1,500 jobs in total – 1,000 jobs in constriction and 500 in operations.
“The agreement with GM is a major milestone in moving Thacker Pass toward production, while setting a foundation for the separation of our U.S. and Argentine businesses,” said Lithium Americas President and CEO Jonathan Evans. “This relationship underscores our commitment to develop a sustainable domestic lithium supply chain for electric vehicles. We are pleased to have GM as our largest investor, and we look forward to working together to accelerate the energy transition while spurring job creation and economic growth in America.”
This recent investment is the latest in a long line of ventures General Motors has been making as of late. As a reminder, the Detroit-based automaker has a goal of offering 30 EVs by 2025, and to qualify for Federal tax credits, is establishing production of battery components domestically.