.
MergerLinks Header Logo

New Deal


Announced

Completed

General Motors completed a $650m investment in Lithium Americas.

Financials

Edit Data
Transaction Value£525m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

Friendly

Domestic

United States

lithium mining

General Mining

Private

Single Bidder

Minority

Completed

Synopsis

Edit

General Motors, a global company focused on advancing an all-electric future that is inclusive and accessible to all, completed a $650m investment in Lithium Americas, a company focused on advancing lithium projects. "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. 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," Mary Barra, GM Chair and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US