General Motors moves deeper into mining with EnergyX lithium investment


Reuters exclusively reported that General Motors Co (GM.N) intends to invest in lithium technology startup EnergyX as it expands further into the mining industry, the latest deal by the car maker to ensure long-term supplies of the metal used to make electric vehicle batteries.

Market Impact

EnergyX, also known as Energy Exploration Technologies Inc, has said it aims to launch an initial public offering by 2024. As part of any IPO, private equity firm Global Emerging Markets Group plans to invest $450 million in EnergyX once shares begin trading. 

Article Tags

Topics of Interest: AutomotiveEnergyTechnology

Type: Reuters Best

Sectors: Commodities & EnergyTechnology

Regions: Americas

Countries: United States

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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