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GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.

CNBC
Summary
Nutrition label

83% Informative

The deal is centered on the development, construction and operation of a lithium carbonate mining operation in Nevada .

Lithium is a key component for batteries that power electric vehicles.

Securing raw materials such as lithium from the U.S. is crucial to GM 's plans to profitably grow its all-electric vehicle business.

The announcement sent shares of Lithium Americas surging by more than 20% during premarket trading Wednesday .

VR Score

87

Informative language

89

Neutral language

59

Article tone

formal

Language

English

Language complexity

63

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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