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GM to Boost EV and AV Investments to $35 Billion Through 2025

General Motors announced today it will increase. its electric vehicle and autonomous vehicle. investments from . This represents a. increase from its initial commitment. announced prior to the pandemic. The company says its new commitment will help it . become the market leader in EVs in North America. the global leader in battery and fuel cell technology through its battery. platform and HYDROTEC fuel cells; and through. Cruise, be the first to safely commercialize self-driving technology at scale. is targeting annual global EV sales of. more than 1 million by . The company’s additional investments and new. collaborations are far-reaching and designed. to create even greater competitive advantages .

They include: Accelerating battery

Cell production in the United States: GM is. accelerating plans to build two new battery cell. manufacturing plants in the United States by mid-decade to WhatsApp Number Database complement the Cells. LLC plants under construction in Tennessee and Ohio. Further details about these new US plants, including the locations, will be. announced at a later date. Commercializing US-made. batteries and HYDROTEC fuel cells: GM announced June 15 it has signed. a memorandum of understanding to and HYDROTEC. fuel cells to Wabtec Corporation. which is developing the world’s. first 100 percent battery-powered locomotive. Separately. GM will supply HYDROTEC to Navistar, Inc., which is. developing hydrogen-powered heavy trucks to launch in 2024.

Liebherr-Aerospace which is developing

Hydrogen-powered auxiliary power units for. aircraft. Lockheed Martin and GM also are teaming up to. develop the next generation Amer Data of lunar vehicles to transport astronauts on. the surface of the Moon, leveraging GM’s expertise. in electric propulsion and autonomous technology. Today, GM is. confirming plans to launch its third-generation HYDROTEC. fuel cells with even greater power density and lower costs by mid-decade. GM manufactures its fuel cells in Brownstown Charter. Township, Michigan, in a joint venture with Honda. Expanding and. accelerating the rollout of EVs for retail and fleet customers. In November 2020, GM announced it would deliver 30 new EVs by. 2025 globally. with two-thirds available in.

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