General Motors to invest $35 billion in electric vehicles through 2025
The company seeks to become the leader in electric vehicles in the North American market.
Reuters
General Motors announced yesterday that it will increase its investments in electric and self-driving vehicles to reach $35 billion through 2025, representing a 75% increase over the initial commitment the company made before the start of the Corona pandemic.
The company said, in a statement, that this enhanced commitment will contribute to accelerating General Motors' transformation strategy, through which it seeks to become the leader in electric vehicles in the North American markets.
The world leader in battery and fuel cell technologies through its Ultium battery and HYDROTEC fuel cell platform, as well as through Cruise, which will be the first to safely make autonomous driving technology commercially widely available.
"The company aims to achieve annual international sales of electric vehicles in excess of one million vehicles by 2025," said General Motors Chairman and CEO Mary Barra.
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