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GM Increases EV Investment to $35B

businessjournaldaily.com
 2021-06-16

DETROIT – General Motors will increase its investment in electric-powered and autonomous vehicles to $35 billion through 2025, a 75% increase from its initial plan. The investment will include the addition of two more Ultium Cells plants to complement current sites in Lordstown and Spring Hill, Tenn., as well as the commercialization of Ultium batteries and Hydrotec fuel cells.

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