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GM investing $650M in Lithium Americas; offtake agreement from Thacker Pass

Green Car Congress

Under the agreement, GM will make a $650-million equity investment in Lithium Americas, which represents the largest-yet investment by an automaker to produce battery raw materials. Lithium carbonate from Thacker Pass will be used in GM’s proprietary Ultium battery cells. Tranche 1: GM to purchase 15.0 Earlier post.)

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SAIC-GM-Wuling launches new EV model, price from $8,680

CN EV Post

In the January-February period, SAIC-GM-Wuling sold 50,433 NEVs in China, second only to BYD and Tesla. Image credit: Wuling) SAIC-GM-Wuling, which has had success in the mini electric vehicle (EV) market, is offering another new model to Chinese consumers. The Mini EV has a starting price of RMB 32,800.

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GM to reach 100% renewable energy in US by 2025, 5 years ahead of schedule

Green Car Congress

By accelerating its renewable energy goal, GM aims to avoid 1 million metric tons of carbon emissions that would have been produced between 2025 and 2030. The company has committed to invest $35 billion in electric and autonomous vehicles and plans to introduce more than 30 electric vehicle models globally by 2025.

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GM, Honda announce new partnership to build affordable electric vehicles

Teslarati

General Motors and Honda have announced a new partnership to develop affordable electric vehicles based on a global platform. “GM “This is a key step to deliver on our commitment to achieve carbon neutrality in our global products and operations by 2040 and eliminate tailpipe emissions from light-duty vehicles in the U.S.

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GM buying Softbank’s stake in Cruise for $2.1B, putting in additional $1.35B

Green Car Congress

General Motors is acquiring SoftBank Vision Fund 1’s equity ownership stake in autonomous vehicle company Cruise for $2.1 We are extremely pleased to announce GM is leveraging the strength of its balance sheet to capitalize on the opportunity to increase its equity investment in Cruise and advance our integrated autonomous vehicle strategy.

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Chevy Blazer EV goes on sale again with lower price tag

Teslarati

General Motors (GM) brand Chevrolet has begun selling the Blazer electric vehicle (EV) once again, after the automaker halted orders for over two months due to a software quality issue. The updated pricing marks a drop of 9 percent or more, down from the previous starting price of $56,175.

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GM raises 2024 financial guidance on Q1 revenue

Teslarati

General Motors (GM) has detailed its first-quarter financial results for the year, citing its gas vehicles and continued growth of electric vehicle (EV) business and software-based platform development. Overall, the report highlighted the company’s focus on ICE vehicles, as much of the EV industry struggles.

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