EV For General Motors

October 19, 2024
A woman is getting out of a car on a city street.

For General Motors to succeed in meeting its EV transition target by 2035, they’ll need 414,469 tons of lithium per year. That’s why the automaking behemoth led a $50m investment round for lithium extraction startup EnergyX.


Their patented tech extracts lithium 300% more efficiently than conventional methods. Plus, where modern methods take 12+ months, EnergyX needs just two days. That’s why EnergyX has been entrusted with the rights to 100,000+ acres of lithium-rich Chilean land and a $5m DOE grant toward a recently announced US lithium plant.


It’s not just cars that need batteries, either. The entire $546b energy storage market will depend on securing reliable sources of lithium. EnergyX’s plan to produce 65,000 tons per year will help them lead the charge. However, EnergyX is only accepting shareholders until Oct. 3.