GM CFO Says Open To Investing In Lithium Refining In Exchange For Supply Guarantees
Portfolio Pulse from Benzinga Newsdesk
GM's CFO stated at the Deutsche Bank Conference that the company is open to investing in lithium refining in exchange for supply guarantees. This move could help secure the necessary resources for GM's electric vehicle production.

June 15, 2023 | 4:28 pm
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GM's potential investment in lithium refining could help secure resources for its electric vehicle production, providing a competitive advantage.
GM's openness to invest in lithium refining in exchange for supply guarantees indicates the company's commitment to its electric vehicle production. Securing a stable lithium supply could provide GM with a competitive advantage in the EV market, as lithium is a critical component of EV batteries. This move could positively impact GM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100