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General Motors increases EV investment by 75% through 2025

Teslarati

General Motors has increased its electric vehicle investment by 75%, from $20 billion to $35 billion through 2025, the company announced on Wednesday. The plan is to eventually transition its entire fleet of vehicles to be fully electric, but the company doesn’t plan to accomplish this until 2035.

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Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

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Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). billion transaction provides Lordstown Motors with $675 million of gross proceeds.

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GM reports first Chevrolet Silverado EV delivery results for Q3 2023

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General Motors (GM) recently released a report revealing the delivery results of the first Chevrolet Silverado EVs. The automakers also offer a work truck version of the all-electric pickup, which costs $72,905 before options. The fully electric pickup truck can recharge at charging stations across the United States.

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Merchants Fleet intends to buy 12,600 electric light commercial vehicles from GM’s BrightDrop

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Merchants Fleet, the nation’s fastest-growing fleet management company, plans to further electrify its portfolio with BrightDrop, the new business backed by General Motors, offering electric first-to-last-mile products and software services. Earlier post.). —Brendan P. Keegan, CEO of Merchants Fleet.

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GM opens broad application of EV component sets

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General Motors will offer EV technology beyond its own portfolio and automotive applications more broadly, one component at a time. —Travis Hester, GM vice president of Electric Vehicle Growth Operations. Proof of concept vehicle shown.

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GM investing $2B in Spring Hill plant to build EVs, starting with Cadillac LYRIQ

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General Motors Co. announced today that its Spring Hill, Tennessee assembly plant will begin the transition to become the company’s third vehicle manufacturing site to produce electric vehicles, joining Factory ZERO in Detroit and Hamtramck, Michigan, and Orion Assembly in Orion Township, Michigan.

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GMC introduces 2022 HUMMER EV Edition 1; powered by all-new Ultium battery tech

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It will be the first fully electric addition to GMC’s lineup, driven by next-generation EV propulsion technology that enables off-road capability, on-road performance and an immersive driving experience. Production begins in late 2021, at GM’s Factory ZERO Detroit-Hamtramck Assembly Center.

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