Shares of automakers after President-elect Donald Trump’s victory.

“Advanced Clean Cars II” regulations of 2022 call for 35% of 2026 model year vehicles, which will begin to be introduced next year, to be zero-emission vehicles. Battery-electric, fuel cell and, to an extent, plug-in hybrid electric vehicles qualify as zero emission.

Before the election, automotive officials said regardless of who won the White House, many automakers will push for the mandates to be postponed.

The California Air Resources Board reports 12 states and Washington, D.C., have adopted the rules; however, roughly half of them did so starting with the 2027 model year. They are part of CARB’s Advanced Clean Cars regulations that require 100% of new vehicle sales in the state of California to be zero-emission models by 2035.

EVs made up 10% or more of local market shares in just 11 states and the District of Columbia to begin this year, according to the Alliance for Automotive Innovation, a trade association and lobby group that represents most major automakers operating in the U.S.

Auto executives and industry experts also expect Trump could roll back or freeze the Corporate Average Fuel Economy, or CAFE, standards for model years 2027-2031.

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]]> https://thenewshub.in/2024/11/06/what-trumps-election-to-the-white-house-could-mean-for-evs/feed/ 0 https://thenewshub.in/2024/11/01/losing-gps-could-cost-billions-so-the-space-force-is-having-companies-like-astranis-build-a-backup-network/ https://thenewshub.in/2024/11/01/losing-gps-could-cost-billions-so-the-space-force-is-having-companies-like-astranis-build-a-backup-network/?noamp=mobile#respond Fri, 01 Nov 2024 18:00:01 +0000 https://thenewshub.in/2024/11/01/losing-gps-could-cost-billions-so-the-space-force-is-having-companies-like-astranis-build-a-backup-network/

A depiction of Nexus satellites in a medium Earth orbit constellation.

Astranis

The U.S. Air Force began deploying the Global Positioning System — more commonly known as GPS — nearly 50 years ago, satellites which have become critical infrastructure for both the military and the economy.

Since then, GPS is estimated to have generated more than $1.4 trillion in economic benefits, according to a Commerce Department study. But the agency warned that an “outage could potentially have an economic impact of $1 billion a day.” 

Pentagon leaders believe those losses are a conservative estimate, leading the U.S. Space Force to kick off a roughly $2 billion satellite program known as the Resilient Global Positioning System. Called R-GPS for short, the program is intended to provide an alternative, backup network for the current satellite system.

“[GPS is] vitally important to everything we do day-to-day, from the stock market, for timing of every transaction, to the crops we field,” Lt. Col. Justin Deifel, leader of R-GPS at the Space Force’s Space Systems Command, told CNBC.

“It’s like water and electricity. … It’s a utility of the economy and a utility of a warfighter that we need to make sure is available,” Deifel added.

Read more CNBC space news

The importance of the existing 31 GPS satellites in orbit, as well as the potential threat in space from U.S. adversaries like Russia and China, has led the Pentagon to prioritize building the alternative R-GPS network — and the Space Force has turned to the commercial space industry to do so.

Last month, the branch awarded four companies with contracts for R-GPS design concepts: Astranis, Axient, L3 Harris and Sierra Space.

first satellite malfunctioned last year due to a third-party issue with its solar arrays, the company’s experience operating in the distant geosynchronous orbit has Gedmark confident about its chances in the R-GPS program.

“We are the only company that has proven on orbit a spacecraft of this class — a low cost, [radiation]-hardened satellite for high orbits,” Gedmark said.

]]> https://thenewshub.in/2024/11/01/losing-gps-could-cost-billions-so-the-space-force-is-having-companies-like-astranis-build-a-backup-network/feed/ 0 https://thenewshub.in/2024/10/30/cdc-says-90-people-affected-in-e-coli-outbreak-linked-to-mcdonalds-quarter-pounders/ https://thenewshub.in/2024/10/30/cdc-says-90-people-affected-in-e-coli-outbreak-linked-to-mcdonalds-quarter-pounders/?noamp=mobile#respond Wed, 30 Oct 2024 21:22:57 +0000 https://thenewshub.in/2024/10/30/cdc-says-90-people-affected-in-e-coli-outbreak-linked-to-mcdonalds-quarter-pounders/

A Quarter Pounder with cheese, fries and a drink arranged at a McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024.

David Paul Morris | Bloomberg | Getty Images

Ninety people in 13 states have been infected in a deadly E. coli outbreak linked to McDonald’s Quarter Pounders, the Centers for Disease Control and Prevention said Wednesday, as it continues to investigate the source of the spread.

The outbreak has led to 27 hospitalizations and one previously reported death of an older adult in Colorado. 

Before Wednesday, the CDC last gave an update on the outbreak on Friday, when the agency said it had 75 cases in 13 states. The agency first announced the outbreak on Oct. 22.

Fresh slivered onions served on Quarter Pounders and other menu items at McDonald’s are “the likely source of this outbreak,” the CDC said on its website on Wednesday.

The additional illnesses are from before McDonald’s and Taylor Farms, which supplied onions to the affected region, took action to remove the ingredient from affected locations, the agency added. The CDC believes the risk to the public is “very low” due to the efforts from McDonald’s and Taylor Farms. 

“The likelihood of contaminated onions still being available for sale is low,” the agency wrote. 

Quarter Pounder hamburgers are a core menu item for McDonald’s, raking in billions of dollars each year. The fast-food giant on Sunday said the burgers will return to roughly a fifth of U.S. restaurants this week, or about 3,000 locations, after it pulled the menu item due to the outbreak. 

But around 900 of those locations will serve the Quarter Pounder without slivered onions for the foreseeable future as the CDC and other health authorities continue to examine the source of the outbreak. The change will affect restaurants in Colorado, Kansas and Wyoming as well as parts of Idaho, Iowa, Missouri, Montana, Nebraska, Nevada, New Mexico, Oklahoma and Utah.

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]]> https://thenewshub.in/2024/10/30/cdc-says-90-people-affected-in-e-coli-outbreak-linked-to-mcdonalds-quarter-pounders/feed/ 0 https://thenewshub.in/2024/10/25/volkswagens-scout-motors-reveals-first-evs-as-it-shifts-to-include-plug-in-hybrids/ https://thenewshub.in/2024/10/25/volkswagens-scout-motors-reveals-first-evs-as-it-shifts-to-include-plug-in-hybrids/?noamp=mobile#respond Fri, 25 Oct 2024 00:49:43 +0000 https://thenewshub.in/2024/10/25/volkswagens-scout-motors-reveals-first-evs-as-it-shifts-to-include-plug-in-hybrids/

Scout Terra pickup truck and Scout Traveler SUV concepts

Scout

NASHVILLE, Tenn. — Volkswagen-backed Scout Motors revealed its first electric vehicles Thursday and announced plans for the brand to expand its lineup to include an emerging type of plug-in hybrid electric vehicle in addition to EV models.

Scout, a former American vehicle brand from 1961 to 1980, was expected to exclusively offer EVs in a bid for the German automaker to expand its presence in the U.S. However, slower-than-expected adoption of EVs and higher costs have led it to change course and include extended-range electric vehicles, or EREVs.

“Being a startup that moves quickly, we can pivot,” Scout CEO Scott Keogh, a longtime auto executive who previously led VW’s operations in the U.S., told CNBC. “The pivot that we made a number of months ago into offering range extender definitely was a smart play.”

EREVs are basically a type of plug-in hybrid electric vehicle. They include EV motors and battery cells, as well as a traditional internal combustion engine to power the vehicle’s electric components when the battery loses its energy. The engine essentially acts as a generator to power the EV components when needed.

Scout Terra pickup truck concept

Keogh said Scout added EREVs to better protect the brand from any market volatility amid less-than-expected consumer demand for EVs.

“We think electrification is the future. Range extender sets it up as an EV car, so it introduces people to electrification, yet it has a super smart, let’s say, ‘backup plan,'” he said during an interview Thursday. “It will drive like an EV.”

He said Scout has no plans to offer a traditional, non-electric vehicle with only an internal combustion engine.

The company’s first vehicles — a full-size pickup truck and large SUV — will cover about 40% of the highly profitable U.S. sales market.

Keogh said the company targets to be profitable on an operational basis within the first full calendar year after initial production of the vehicles, which will be built at a $2 billion plant that’s under construction in South Carolina.

“If you look at these profit pools, these two areas, from this size pickup truck to this sized SUV … these are the largest profit pools in the world,” Keogh said.

Scout Traveler SUV concept 

Scout

Being profitable during that timeframe would be quite a success, as current EV startups such as Rivian Automotive and Lucid Group lose tens of thousands of dollars on each vehicle they produce after several years.

Meanwhile, Keogh said an announced software deal between VW and Rivian will not impact Scout’s operations. He described the $5 billion software deal, which includes the establishment of a joint venture, as an “exciting opportunity” for Scout.

“It’s good for scaling. It’s good for technology. It’s good for everything,” Keogh said.

Scout’s South Carolina plant is planned to have a production capacity of 200,000 vehicles. Scout expects to use batteries — the most expensive part of an electric vehicle — from VW’s joint venture battery cell manufacturer in Canada.

The company opened reservations for the vehicles Thursday night on its website. Scout plans to sell the vehicles directly to consumers instead of through a traditional franchised dealer network like VW does in the U.S.

North American Charging Standard, an 800-volt architecture with up to 350-kilowatt charging capability, and will be capable of bi-directional charging that will allow the vehicle to act as a generator.

Toyota Land Cruiser. It’s larger than Jeep’s well-known Wrangler, which is currently available as a plug-in hybrid electric vehicle.

The truck is a full-size pickup — a segment currently dominated by Ford, General Motors and Stellantis’ Ram brand. But the electric pickup market where Scout will compete remains a developing market.

Automakers such as GM and Ford rushed to release all-electric pickup trucks early in this decade to compete against several EV startups, many of which never materialized, as well as Tesla. Stellantis is expected to release all-electric and EREV full-size pickups by next year.

Scout Traveler SUV concept 

But after rushing the vehicles to market, sales slowed. Much like the overall EV industry, the large vehicles went from commanding significant price premiums to being highly incentivized.

Overall, this electric “truck” market, including the SUVs, accounted for nearly 58,000 vehicles sold during the first half of this year, according to estimates from Motor Intelligence. That’s less than 1% of the roughly 7.9 million light-duty new vehicles sold during that time in the U.S., but a 35% quarterly increase from the first to the second quarter, according to the data.

Keogh believes Scout can differentiate itself in the market with its products, lower pricing and brand appeal. Additional Scout products are expected to follow in the years ahead, Keogh said.

“Can we consider some point in the future sizing down? Absolutely,” he said. “You want to throw the dart at the best place first. And I think we’ve done that between these two vehicles.”

]]> https://thenewshub.in/2024/10/25/volkswagens-scout-motors-reveals-first-evs-as-it-shifts-to-include-plug-in-hybrids/feed/ 0 https://thenewshub.in/2024/10/22/how-cities-are-breathing-new-life-into-their-urban-rivers/ https://thenewshub.in/2024/10/22/how-cities-are-breathing-new-life-into-their-urban-rivers/?noamp=mobile#respond Tue, 22 Oct 2024 00:19:16 +0000 https://thenewshub.in/2024/10/22/how-cities-are-breathing-new-life-into-their-urban-rivers/

For decades, the Willamette River that runs through Portland, Oregon, was a look-but-don’t-touch situation.

“When we first moved here, there was no way in hell you’d get in the water,” resident Matthew Mangus said.

The river was contaminated by raw sewage and had been closed for swimming since 1924, but now things are very different. Willie Levenson, founder of the Human Access Project, helped turn the Willamette into a vibrant recreational space that officially became swimmable again in 2012. 

“Step number one — find a way to clean up the river. Step number two — there’s the cultural change around getting people to see there’s value in this river,” Levenson said.

A $1.4 billion pipe project that kept sewage from spilling into the river took care of the first step. Then came step two — an annual inner tube parade called “The Big Float” brought thousands to the water, making the river party central.

“I talk to people who tell me, ‘I feel differently about our city now.’ They feel more connected to the city,” Levenson said.

That’s exactly what Nick Wesley is hoping to achieve in Chicago. His non-profit, Urban Rivers, is leading the charge to transform the Chicago River. He believes that within 10 years, it’ll be a lot more commonplace to see people swimming in the river.

“I think a lot of people see their waterways as a lot of unrealized potential,” Wesley said.

While the idea of an urban river renaissance is providing hope for cities like Chicago and Portland, there’s still plenty of work to be done. Of the 3.5 million miles of rivers in the U.S., 50% are too polluted for fishing, boating or swimming, according to American Rivers, a group focused on protecting and restoring rivers.

Efforts to revitalize the rivers began with the 1972 Clean Water Act and now include river renaissance projects in Los Angeles, Boston, Atlanta and New York among other cities, according to the Environmental Protection Agency.

There’s still more that can be done, including a cultural shift in how people perceive urban rivers.

“The most powerful thing is a community of people on a river that love that river,” said American Rivers spokesperson Amy Souers Kober.

Chicago had hoped to host its first swim in the Chicago River last month. When organizers hit roadblocks getting the proper permits fast enough, they moved it to Lake Michigan. But organizers and Levenson, who flew in from Portland, are determined to swim in the river next year.

“Once the Chicago River becomes a part of culture, Chicago has a hidden level of joy that it’s going to discover,” Levenson said.

It’s high praise from a man who’s already helped his own city discover theirs.

Jim Axelrod

Jim Axelrod is the chief correspondent and executive editor for CBS News’ “Eye on America” franchise, part of the “CBS Evening News with Norah O’Donnell.” He also reports for “CBS Mornings,” “CBS News Sunday Morning,” and CBS News 24/7.

]]> https://thenewshub.in/2024/10/22/how-cities-are-breathing-new-life-into-their-urban-rivers/feed/ 0 https://thenewshub.in/2024/10/17/nfl-stadiums-could-experience-11-billion-in-climate-related-losses-by-2050-a-new-report-finds/ https://thenewshub.in/2024/10/17/nfl-stadiums-could-experience-11-billion-in-climate-related-losses-by-2050-a-new-report-finds/?noamp=mobile#respond Thu, 17 Oct 2024 17:07:32 +0000 https://thenewshub.in/2024/10/17/nfl-stadiums-could-experience-11-billion-in-climate-related-losses-by-2050-a-new-report-finds/

In this aerial view, the domed roof at Tropicana Field, the home of the Tampa Bay Rays, is seen ripped to shreds from Hurricane Miltonís powerful winds in St. Petersburg. The storm passed through the area on October 10, 2024, making landfall as a Category 3 hurricane in Siesta Key, Florida. 

Paul Hennessy | Lightrocket | Getty Images

Hurricane Milton’s damage to Tropicana Field in Tampa, Florida, was so devastating it likely means the Tampa Bay Rays will be looking for another place to play ball for opening day next spring.

Like many baseball stadiums around the country, Tropicana Field’s geographic location makes it vulnerable to hurricane winds or tornado-force winds, hail, storm surge and flooding.

The Baltimore Orioles, Los Angeles Dodgers, New York Mets, Miami Marlins, Pittsburgh Pirates, San Diego Padres and others play on or near the water and could see insurance premiums rise and repair costs soar as weather-related losses hit.

But it’s not just baseball stadiums at risk. NFL stadiums could experience $11 billion in climate-related losses by 2050, according to a new report released by the climate risk analysis company, Climate X.

As football stadiums are increasingly being used for concert venues, storm shelters and community events, the impact could be severe for the economy.

Climate X said it’s a wake-up call for state and local governments.

“The problem with climate change is non-linear and non-stationary. If you had a problem there yesterday, that doesn’t mean that it’s going to be there tomorrow,” said Kamil Kluza, co-founder of Climate X. “Places that have been unimpacted will become impacted, because the climate will change and move around.”

The risks from changing weather patterns go far beyond hurricane winds and flooding.

Dangerous heat is a problem for the Arizona Diamondbacks playing in Phoenix. The team has a lease until 2027 at Chase Field and is responsible for upkeep and repairs. But the facility is struggling to keep fans cool, much less players, in a city where the temperatures this summer broke even Phoenix’s own scorching records.

Up north, a massive snowstorm in 2010 collapsed the roof of the Minnesota Vikings’ Metrodome.

A man pushes his bicycle through flood waters near the Superdome in New Orleans, Wednesday, Aug. 31, 2005. Hurricane Katrina left much of the city under water. Officials called for a mandatory evacuation of the city, but many resident remained in the city and had to be rescued from flooded homes and hotels. (AP Photo/Eric Gay)

Eric Gay

Some of the most harrowing images of stadium damage are still from 2005, of a SuperDome surrounded by floodwaters in New Orleans, housing Katrina victims trying to take cover from the storm.

The Climate X report ranks the vulnerability of the 30 NFL stadiums when it comes to climate hazards such as flooding, wildfires and storm surge. It’s calculated by comparing the projected damage costs to the stadium’s current replacement value.

MetLife Stadium in East Rutherford, New Jersey, home of the New York Giants and the New York Jets, is projected to incur the biggest losses. Climate X projects a total percentage loss of 184%, with cumulative damages exceeding $5.6 billion by 2050 due to the stadium’s low elevation in the marshy Meadowlands and exposure to flooding and storm surge.

Storm Surge severity around MetLife Stadium in 2050, under RCP8.5 scenario, with failing flood defenses (the 8.5 scenario represents a conservative academic consensus with the end of century temperatures higher by 4.3°C, relative to pre-industrial temperatures) – powered by Climate X Spectra.

Source: Climate X

The new state-of-the-art $5 billion Sofi Stadium, home to the Los Angeles Chargers and Los Angeles Rams, and State Farm Stadium in Arizona, where the Arizona Cardinals play, are the next-most vulnerable stadiums to climate risk.

Climate X said Lumen Field in Seattle, home to the Seattle Seahawks, and Lambeau Field in Green Bay, Wisconsin, home to the Green Bay Packers, are projected to have a much lower relative loss rates. Their non-coastal locations and limited exposure to extreme heat events could benefit them.

Some teams are trying to tackle the climate change problem head on. For example, Allegiant Stadium in Las Vegas ran the Super Bowl completely off renewable energy.

Mercedes Benz stadium in Atlanta, home to the Atlanta Falcons, said its energy-efficient design reduces electricity usage by 29%.

“The bottom line is that climate change is happening, whether we like it or not, and I think the instead of fighting climate change with just sustainability and reducing CO2, we need to start acting to put adaptation measures in place,” Kluza said.

As for Tropicana Field, there are questions about whether it should be repaired at all, as it’s slated for demolition anyway to make way for a new $1.3 billion ballpark for the Rays to play in time for the 2028 season.

]]> https://thenewshub.in/2024/10/17/nfl-stadiums-could-experience-11-billion-in-climate-related-losses-by-2050-a-new-report-finds/feed/ 0 https://thenewshub.in/2024/10/16/mysterious-white-blobs-washing-up-on-canadian-beaches-stump-experts/ https://thenewshub.in/2024/10/16/mysterious-white-blobs-washing-up-on-canadian-beaches-stump-experts/?noamp=mobile#respond Wed, 16 Oct 2024 21:10:05 +0000 https://thenewshub.in/2024/10/16/mysterious-white-blobs-washing-up-on-canadian-beaches-stump-experts/

Toronto — Beaches across Canada’s far northeast Newfoundland and Labrador province have increasingly been littered with mysterious white blobs. Their appearance has so far befuddled scientists, and led Canadian officials in the region to launch an investigation.

Beachgoers first noticed the unusual blobs on the shores of Newfoundland and Labrador in September. People quickly started sharing photos of the gelatinous clumps on a Facebook group with more than 40,000 members that is dedicated to exploring the region’s coastal areas.

“Anyone know what these blobs are. They are like touton dough and all over the beach,” wrote Philip Grace on the Beachcombers Facebook group, comparing the finds to a regional dish. “These were in sizes ranging from dinner plate size right down to a toonie [Canadian 2-dollar coin].”

Some people speculated online that the mystery blobs could be the result of ships dumping substances into the ocean. Others suggested they could be whale sperm, whale vomit or even ambergris, a byproduct of sperm whales that’s valued for its use in perfumes and other products. 

But the experts weren’t to be dragged into the speculation.

Environment and Climate Change Canada, the government agency responsible for investigating the mystery, simply referred to the blobs as “a mystery substance” when asked by CBS News on Tuesday.

Newfoundland resident David McGrath told The Guardian newspaper that he’d seen hundreds of the items scattered across his local beaches.

“They looked just like a pancake before you flip it over, when it has those dimpled little bubbles. I poked a couple with a stick and they were spongy and firm inside,” he told the newspaper. “I’ve lived here for 67 years, and I’ve never seen anything like this. Never.”

“They sent the Coast Guard over and I asked them how bad it was. They told me they had 28 miles of coastline littered with this stuff and had no idea what it was,” McGrath said. “Is it toxic? It is safe for people to touch?” 

Samantha Bayard, a spokesperson for Environment and Climate Change Canada, told CBS News the agency was first informed about the “mystery substance” on beaches on Sept. 7. Environmental emergency officers visited sites at least three times to assess the situation and collect samples.

“To date, ECCC has conducted several aerial, underwater and manual surveys of the beaches and shorelines in the area to determine the extent of the substance, what it is and its potential source,” she said. “At this time, neither the substance nor its source has been identified.”

Bayard said a preliminary laboratory analysis by the agency suggested the material “could be plant-based,” but stressed that additional analysis was required “before a final determination can be made on the substance and its potential impacts.”

Stan Tobin, a local environmentalist, told CBS News’ partner network BBC News that he’d found “hundreds and hundreds of blobs — big blobs, little blobs.”

“Somebody or somebodies know where this came from and how it got there, and knows damn well it’s not supposed to be here,” Tobin told the BBC.

Bayard said the ECCC was committed to addressing pollution incidents and environmental threats with urgency.

“If enforcement officers find evidence of a possible violation of federal environmental legislation, they will take appropriate action in accordance with the applicable Compliance and Enforcement Policy,” she told CBS News.

Ahmad Mukhtar

Ahmad Mukhtar is a producer for CBS News based in Toronto, Canada. He covers politics, conflict and terrorism, with a focus on news from Canada and his home nation of Afghanistan, which he left following the Taliban’s return to power in 2021.

]]> https://thenewshub.in/2024/10/16/mysterious-white-blobs-washing-up-on-canadian-beaches-stump-experts/feed/ 0 https://thenewshub.in/2024/10/16/gm-to-invest-625-million-in-joint-venture-to-mine-ev-battery-raw-materials-in-u-s/ https://thenewshub.in/2024/10/16/gm-to-invest-625-million-in-joint-venture-to-mine-ev-battery-raw-materials-in-u-s/?noamp=mobile#respond Wed, 16 Oct 2024 20:46:44 +0000 https://thenewshub.in/2024/10/16/gm-to-invest-625-million-in-joint-venture-to-mine-ev-battery-raw-materials-in-u-s/

The clay mixture from which lithium will be extracted is held by Tim Crowley, spokesman for Lithium Americas Corp. 

Carolyn Cole | Los Angeles Times | Getty Images

DETROIT — General Motors has agreed to establish a joint venture with Lithium Americas Corp. that includes the automaker supplying $625 million in cash and credit to the Canadian mining business, the companies announced Wednesday.

The deal is centered on the development, construction and operation of a lithium carbonate mining operation called Thacker Pass in Humboldt County, Nevada. Lithium is a key component for batteries that power electric vehicles.

The joint venture agreement replaces a previously announced, planned equity investment by GM into the Vancouver, Canada-based company.

Securing raw materials such as lithium from the U.S. is crucial to GM’s plans to profitably grow its all-electric vehicle business and meet tightening federal requirements for incentives to produce and sell the vehicles and the large batteries needed to power them.

“We’re pleased with the significant progress Lithium Americas is making to help GM achieve our goal to develop a resilient EV material supply chain,” Jeff Morrison, GM senior vice president of global purchasing and supply chain, said in a release. “Sourcing critical EV raw materials, like lithium, from suppliers in the U.S., is expected to help us manage battery cell costs, deliver value to our customers and investors, and create jobs.”

GM and Lithia Americas stocks

The announcement sent shares of Lithium Americas higher by 23% in trading Wednesday to close at $3.29. The company’s market cap is $532.9 million.

In windswept, remote Thacker Pass in the far northern reaches of Nevada permits approved for a massive lithium mine, proposed by Lithium Americas Corp., are drawing impassioned protest from the local indigenous population, ranchers, and environmentalists. 

Carolyn Cole | Los Angeles Times | Getty Images

GM will have a 38% interest in Thacker Pass, according to the release. The joint venture investment is expected to include $330 million cash to be contributed on the date of its closing; $100 million cash to be contributed at a “final investment decision” for a phase of the project; and a $195 million letter of credit facility prior to first draw on the $2.3 billion Department of Energy Loan.

“Our relationship with GM has been significantly strengthened with this joint venture as we continue to pursue a mutual goal to develop a robust domestic lithium supply chain by advancing the development of Thacker Pass,” Lithium Americas CEO Jonathan Evans said in a release.

June 7, 2021Jonathan Evans is President and CEO of Lithium Americas Corp. He holds the clay mixture from which lithium will be extracted. 

Carolyn Cole | Los Angeles Times | Getty Images

The joint venture is in addition to GM’s $320 million investment into Lithium Americas in February 2023. The investment included GM acquiring approximately 15 million common shares of Lithium Americas.

In August, GM and Lithium Americas agreed to delay a second tranche investment worth $330 million in the miner to explore alternative structures for the investment.

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