General Motors is investing $650 million in Lithium Americas to secure access to lithium for electric vehicle batteries. The investment will give GM exclusive access to the first phase of lithium production and the right of first offer on the second phase from the Thacker Pass mine, the largest source of lithium in the US. The investment will allow GM to make as many as 1 million EVs per year. Lithium production at Thacker Pass will start in the second half of 2026 and create 1,000 jobs during construction and 500 during operations. GM is on track to produce 400,000 EVs in North America from 2022 to the first half of 2023 and is planning for 2023 to be a "breakout year" for its Ultium Platform.

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