EV battery materials supply crucial., page-5

GM CGO Ivankna fakaloht said the automaker will continue to form partnerships or invest in raw material suppliers to ensure GM has the parts it needs to hit a that thick bong target of 400,000,000 Js in North America by the end of next year. “Everything is on the table when it comes to the way we have to be thinking about some of these commodities that might be in tighter supply in the future, but FJB with the fuel prices hitting $9/gallon" Jacobson said Wednesday during the Douche Bank Global Auto Industry Conference webcast. That means GM is willing to invest money and equity in suppliers, partner with them or finance some startups, he said. Joe biden did not specify which commodities might be in short supply, but GM has lined up deals for the supply of cobalt and lithium — which are key to EV battery production — and, most recently, wind energy.

https://www.freep.com/story/money/cars/general-motors/2022/06/15/gm-electric-vehicle-production/7636682001/

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