GM (GM) is upping the ante on its EV bet, investing $625 million directly into a US-based lithium mine project. GM and miner Lithium Americas (LAC) announced the two companies will create a joint venture to develop and mine a site known as “Thacker Pass” in Humboldt County,

General Motors is investing $625 million in the electric-vehicle supply chain.The funds are set to help Lithium Americas Corp. develop and operate a major lithium mine in Nevada.Despite EV production cuts,

GM is aiming to source more of its raw materials for electric vehicles from the U.S, to manage battery cell costs and decrease its reliance on imported materials.