General Motors Joins $12 Billion 'Project Vault' to Secure Critical EV Mineral Supply

General Motors committed private capital to the newly launched $12 billion strategic reserve, "Project Vault," designed to secure critical minerals essential for EV batteries and reduce dependence on foreign supply chains.

• The $12 billion initiative, launched on February 2, 2026, includes a substantial $10 billion loan secured from the U.S. Export-Import Bank.
• GM will purchase minerals at fixed inventory prices to actively mitigate market volatility and shield the automotive sector from commodity price shocks.