“In 2027, we expect our joint venture with Lithium Americas to open Phase 1 of the Thacker Pass project in Nevada and we are contracted for 100% of that offtake.”

In context

“n to ensure that we stay aligned with the consumer demand to avoid the heavy discounts our competitors offer. This will reduce our scale driven profitability improvement, but we need to follow the consumer. We're also focusing our EV investments on greater efficiency and cost reductions across the value chain instead of further portfolio expansion. We've announced an agreement to sell our share of the Ultium Cells plant in Lansing to LG Energy Solution, which will result in us recouping our capital investment. In addition, we'll continue to execute our plan to develop US sources for battery cell and electric motor inputs like lithium, rare earth metals, permanent magnets and cathode active material. Many of our supply chain initiatives are coming online later this year or early next year. In 2027, we expect our joint venture with Lithium Americas to open Phase 1 of the Thacker Pass project in Nevada and we are contracted for 100% of that offtake. GM's business is fundamentally strong as we adapt to the new trade policy environment. Great execution is driving sales and market share growth with consistently lower incentives, lower inventory and solid margins. And I'm very proud of our employees, our dealers and our suppliers for their hard work. In Q1, we gained almost two full points of market share year-over-year in the US, which outpaced every other major automaker. In addition, our first quarter share of the US EV market was 10% and rose to 12% in March, solidifying our position as the number two EV seller. And our Q1 margin in North America was 8.8%, well within our 8% to 10% range target range despite the addition of cruise expenses. Our momentum is broad based. Chevrolet became the fastest growing EV brand. Cadillac gained IC”