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GM to boost EV and AV investments 75% to $35B through 2025; new battery plants

Green Car Congress

General Motors will increase its EV and AV investments from 2020 through 2025 to $35 billion, representing a 75% increase from its initial commitment announced prior to the pandemic. In November 2020, the company increased its planned investment over the same period to $27 billion. Separately, GM will supply HYDROTEC to Navistar, Inc.,

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General Motors increases EV investment by 75% through 2025

Teslarati

” GM announced a while back in March 2020 that it would commit $20 billion to EV and AV programs from 2020 to 2025. Separately, GM will supply HYDROTEC to Navistar, Inc. 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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What Does GM’s “30 New EVs By 2025” Promise Mean for the US Market?

EV Adoption

And it is looking through that lens that I wanted to dive into GM’s most recent electric vehicle “supply” promise. since the 2020 low on March 18 (as of February 5). Will GM’s Ultium Cells battery factory in Lordstown, Ohio be able to supply enough battery packs? in the last 12 months and 223.9%

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2025-2035: Rewriting The Automotive History

Get Electric Vehicle

The Electric Vehicle Market Update, the fifth in a series of reports tracking EV growth point outs, The disruption of the supply chain during Covid has affected the automobile industry in the last few years. Revisit the supply chain structure. By 2030, the company said approximately half its global sales will be battery cars.