GM Signs Landmark Agreement With Australian Company for Critical Minerals

Aims to 'support GM’s goal of 1 million units of EV capacity in North America by the end of 2025'

A GMC Hummer EV truck is shown at General Motors Factory Zero in Detroit, Mich., on Aug. 5, 2021. Bill Pugliano/Getty Images

General Motors (GM) has signed a landmark agreement with an Australian company for the production and supply of critical minerals for electric vehicle (EV) batteries.

The agreement is critical to secure “all battery raw material to support GM’s goal of 1 million units of EV capacity in North America by the end of 2025,” GM said in an Oct. 11 statement.