Remove Convert Remove General Motors Remove Motors Remove Products
article thumbnail

General Motors makes $7B EV investment in Michigan official

Teslarati

Today, General Motors made its $7 billion plan to expand electric vehicle and EV parts manufacturing in Michigan official. Additionally, it will build a new battery factory and convert an existing factory into a hub for manufacturing its electric pickup trucks. . Photo by Jeffrey Sauger for General Motors).

article thumbnail

General Motors emphasizing faster electric vehicle launches after positive 2021 earnings

Teslarati

General Motors ( NYSE: GM ) is gearing up for a major shift in 2022 thanks to its evolving electric vehicle program, planning for record profit levels that could surge the company into a more well-rounded placement in an increasingly competitive sector. percent, and revenue of over $127 billion, a $4.5 billion increase from 2020. .”

article thumbnail

GM to invest nearly $800M to convert CAMI into Canada’s 1st large-scale commercial EV plant; EV600 first

Green Car Congress

Subject to ratification of a tentative 2021 agreement reached with Unifor and confirmation of government support, General Motors plans to bring production of its recently announced BrightDrop electric light commercial vehicle, the EV600 ( earlier post ), to its CAMI manufacturing plant in Ingersoll, Ontario. billion (C$1.3

GM 321
article thumbnail

GM reveals new Ultium Drive EV motors designed and developed in-house with GM propulsion software

Green Car Congress

At the 2021 Mackinac Policy Conference, General Motors President Mark Reuss revealed GM’s group of three all-new motors that will power its Ultium-based EVs. Designed by GM, the 180kW front-drive motor, 255kW rear- and front-drive motor and 62kW all-wheel drive assist motor are part of Ultium Drive.

GM 378
article thumbnail

Cadillac previews production CELESTIQ flagship EV; MSRP starting above $300,000

Green Car Congress

Cadillac provided some details on its production CELESTIQ flagship “ultra-luxury sedan”; the show car version appeared earlier this year. Regen on Demand Braking is standard and helps maximize driving range by converting the kinetic energy of the vehicle’s forward momentum into electricity that’s stored in the battery pack.

Cadillac 259
article thumbnail

GM and Glencore enter multi-year cobalt supply agreement

Green Car Congress

Glencore and General Motors announced a multi-year sourcing agreement in which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia. The company will then expand into magnet manufacturing around 2025 at its new production facility in Fort Worth, Texas.

GM 459
article thumbnail

GM: 1 million EVs in North America annually by 2025—including 600,000 electric trucks

Green Car Reports

General Motors on Tuesday issued an update on its EV plans, including confirmation of two Michigan sites for EV manufacturing and battery production. The automaker.