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SoftBank to invest $2.25B in GM Cruise; GM to add $1.1B; driving large-scale AV deployment

Green Car Congress

We are very impressed by the advances made by the Cruise and GM teams, and are thrilled to help them lead a historic transformation of the automobile industry. The GM Cruise approach of a fully integrated hardware and software stack gives it a unique competitive advantage. Photo by Steve Fecht for General Motors).

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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

Green Car Congress

The new electric vehicle plant, part of the industrial park, is expected to be completed by the end of 2018 with a total investment of 4.69 Rendering of GAC Motor’s planned industrial park for electric and intelligent vehicles. The move will help promote the development of the automobile industry and drive economic growth.

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Opinion: Biden’s Tesla snub shows that clout, not innovation, is driving the American EV revolution

Teslarati

Executives from the Detroit Big 3 were there, and for all intents and purposes, the event presented a venue for the administration and legacy automakers to somewhat pat themselves on the back for accepting sustainable transportation. “It was considered the worst workforce in the automobile industry in the United States.

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