General Motors to invest $7 billion to enhance electric vehicle production

by SpeedLux
General Motors

General Motors said last week it will invest $7 billion in Michigan, much of which concerns enhancing the production of full-size electric pickups.

The investment has been labeled as an intensification of a battle with Ford Motor and Tesla Inc to become the leader of electric vehicles.

GM said its Detroit-Hamtramck and Orion Township plants will have the ability to build over 600,000 electric trucks annually by 2024, with three other plants in Tennessee, Ontario, and Mexico increasing the automaker’s total North America EV production capacity to more than a million units by late 2025.

At a press briefing Tuesday, CEO Mary Barra said the automaker “committed to make our home state the epicenter of the electric vehicle industry”.

United Auto Workers leaders applauded the investments by the automaker.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More