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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).

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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

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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. .”

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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.

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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.

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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.

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GM to expedite Hummer EV production as reservations increase to 65,000

Teslarati

General Motors (GM) is expediting Hummer EV production after receiving more than 65,000 reservations. “Production’s actually slightly ahead of plan, and we’re putting things in place now to actually expedite that as well, so we can deliver these reservations quicker than we originally thought.

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