GM makes largest-ever investment, spending $7 billion on EV manufacturing capacity
GM is spending $7 billion to erect a new battery plant and overhaul an existing assembly plant to produce electric trucks. The move will create more than 4,000 jobs.
GM is spending $7 billion to erect a new battery plant and overhaul an existing assembly plant to produce electric trucks. The move will create more than 4,000 jobs.
Ford, GM, and Stellantis (including its subsidiary Chrysler) have vowed that up to 50% of their car sales will be electric by 2030.
GM’s CEO Mary Barra specifically announced that the company aims to be carbon neutral by 2040.
General Motors is partnering with EVgo, the largest EV charging network in the US, to add 2,700 fast chargers in 40 cities across America over the next 5 years. GM and EVgo will install the stations at grocery stores, retail outlets, entertainment centers and other high-traffic areas.
General Motors is spending $2.2 billion to refurbish an underused Detroit factory so it can build a series of electric and self-driving vehicles, eventually employing 2,200 people.