General Motors said it had secured enough battery raw materials to produce 1 million electric vehicles in North America by 2025, as it signed supply agreements with LG Chem and lithium producer Livent.
GM’s target would require 50,000 tonnes to 60,000 tonnes of LCE for 1 million EVs, assuming a battery pack size of between 60-70 gigawatt-hours, according to Benchmark. That would be around 10% of the lithium hydroxide market by 2025, according to Benchmark’s Lithium Forecast.
The deals are the second move in a week by a legacy automaker to secure supplies of . . .