GM has increased the money it finds that its combined EV investment and its autonomous investment from 2020 to 2025 to 35 billion dollars. The largest automaker in the United States planned to pay $ 20 billion in the company, but decided to give it a boost and increase of $ 27 billion at the end of the last year. Now, as CNBC reports, it spends even more efforts to go electricity and without driver.
The Company will use the additional investment to accelerate the production of its battery and fuel cell technologies. It will build two other battery factories in the United States in addition to both that are already under construction, probably in order to ensure that it does not cause battery shortages because it increases its production of EV. By having its own battery facilities (like Tesla made with its gigafacards), GM would not be at the mercy of third-party manufacturing partners in the future.
In the past, GM stated that it plans to have 30 EVS on the market at the end of 2025 and to sell exclusively electric vehicles by 2035. Until now, GM has already introduced the Hummer EV and The new kiddy bolts. Among the other models, but we will see that the company more reveals in the coming years, because it continues to electrify vehicles on its brands – especially since the company stated that it will expand these plans with the Additional investment. GM has not provided any additional details on its new goals. The CFO Paul Jacobson has only only said the builder “feels [s] from all the projects that happen”. He added, “We move aggressively and there are many exciting things to come for us.”
