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 domestic EV supply chain, partnering with Lithium Americas Corp to develop a lithium mine in Nevada.

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.