GM locks up lithium and cathode supply with Livent and LG deals

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 . . .


Login to continue reading!

This article is restricted to Benchmark Membership subscribers.

Login

Not subscribed yet?

To subscribe or to find out more about Benchmark Membership click here or fill in the form below and a member of our team will be in touch with you as soon as possible.

Contact Us

THANK YOU FOR SCANNING A QR CODE TO RECEIVE MORE INFORMATION ON BENCHMARK PRODUCTS AND SERVICES.

Please complete the form below and we will follow up as soon as possible.

COMPLETE THE FORM BELOW TO REQUEST A DEMONSTRATION OF OUR LITHIUM FORECAST

Your details:

New Reports

Select the new reports you would like to learn more about

BENCHMARK NEWSLETTER

SELECT BENCHMARK'S SERVICES OF INTEREST:

Forecasts
Market Assessments
Price Assessments
Technologies
Other
ESG
Events
Which event(s) interest you?