GM plans to expand production of electric vehiclesOctober 20, 2020
The American concern plans to invest in expanding the production of electric cars.
GM said Monday it plans to make “an announcement of a major investment in US manufacturing.” The Detroit News reported that the automaker was planning to begin production of the Cadillac Lyriq electric crossover at its Spring Hill, Tennessee plant. AutoForecast Solutions, which tracks production plans for the industry, expects Lyriq to enter the assembly line in late 2022.
GM may relocate car production to other factories, leading to new investments elsewhere. AutoForecast Solutions said it expects production of some electric vehicles to also start at a plant in Mexico.
GM CEO Mary Barra outlined plans to invest $ 20 billion by 2025 in new electric vehicles and battery packs for electric vehicles.
The automaker plans to spend $ 2.5 billion overhauling and retooling its Detroit-Hamtramck plant to build a GMC Hummer EV electric pickup truck, autonomous taxi and other vehicles. The factory was officially renamed Factory Zero on Friday.
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