Thursday, March 30, 2023

General Motors announces investment in Lithium to Batakiso

As the company highlighted in a statement, lithium hydroxide is critical to GM’s plans to build electric vehicles with high performance and high mileage.

lithium hydroxide livant The battery cathode will be used in The last From GM, which will power electric vehicles like the recently revealed Chevrolet Blazer EV, Chevrolet Silverado EV, GMC Hummer EV and Cadillac Lyrica.

Livent will provide battery-grade lithium hydroxide to GM for a period of six years beginning in 2025.

During the agreement, Livent will rapidly supply battery-grade lithium hydroxide to GM from its US manufacturing facilities, aiming to move 100% of Livent’s downstream lithium hydroxide processing to GM in North America. The deal is expected to help secure supplies for GM while helping Livent expand its capabilities in North America.

Too many GM as livant They share a commitment to responsible operations and sustainable supply chain across the industry and multi-stakeholder platforms.

General Motors is a member of Responsible Mineral Initiative (RMI)Joined the Initiative for Responsible Mining Assurance (IRMA) in 2021 and plans to become carbon neutral in global products and operations by 2040. Livent is actively involved in a third party. IRMA has received a Gold rating from EcoVadis for sustainability and has announced a goal of total carbon neutrality by 2040.

“We are building a robust, sustainable, scalable and secure supply chain to help meet our rapidly growing electric vehicle production needs”Told Jeff Morrison, Vice President of Global Procurement and Supply Chain at GM.

“We will further localize the lithium supply chain in North America during the course of the agreement. This is also aligned with our approach to responsible sourcing and supply chain management and demonstrates our commitment to strong supplier relationships.”

“Importantly, GM has now secured contractual commitments with strategic partners for all battery feedstock to support our goal of 1 million EV capacity units by the end of 2025,” Morrison said.

Paul Graves, President and CEO of Livent, commented: “We are excited to begin this long-standing relationship with GM, one of the most iconic brands in the automotive industry and a leading force in the transition to electrification. With a shared commitment to sustainability and responsible operations, we look forward to building a comprehensive partnership that will address GM’s electric vehicle strategy, its supply chain goals and the future needs of its growing electric vehicle fleet for reliable, high-performance lithium products. supports.”

GM will discuss the deal as part of its earnings call later this morning, and Livent will do the same as part of its next second-quarter 2022 earnings call on Aug.

Nation World News Desk
Nation World News Desk
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