General Motors (GM) has inked a strategic collaboration with Controlled Thermal Resources (CTR) as it seeks to accelerate the development of affordable and higher mileage electric vehicles. As part of the collaboration, the automaker has secured local and low-cost lithium supplies. The automaker is on course to become the first company to make a multi-million dollar investment in CTR's Hell’s Kitchen project. The investment will allow CTR to recover lithium from geothermal brine. In return, GM will have the “first rights” to any Lithium produced from the Hell's Kitchen project’s “first stage”, which could lead to a multi-year relationship.
https://www.tipranks.com/news/general-motors-inks-collaboration-deal-for-low-cost-lithium-supplies
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