General Motors is hitting the accelerator on its drive towards electric autos, significantly boosting its near-term investments as it unveils new models and builds production capacity. The biggest US automaker announced it will raise spending by 30 percent to $35 billion through 2025 and plans to build two additional battery cell plants. Some of the […]
GM
General Motors lifts electric auto investment to $35 bn through 2025
General Motors again boosted its investments in electric and autonomous vehicles, announcing Wednesday it is raising planned spending by 30 percent to $35 billion through 2025 as it unveils new models and builds capacity. The big US automaker cited strong consumer reception to its early electric vehicle (EV) models and beneficial public policies as factors that […]