GM will boost EV, AV investments to $35B through 2025

GM will boost EV, AV investments to $35B through 2025

The announcement builds on GM’s initial commitment announced in March 2020 to invest $20 billion from 2020 through 2025.

General Motors Co. (GM) says it will increase its electric vehicle (EV) and autonomous vehicle (AV) investments from 2020 through 2025 to $35 billion, representing a 75% increase from its initial commitment announced prior to the pandemic. Key factors for the company include the GMC Hummer EV and Hummer EV SUV, the Cadillac Lyriq and the Chevrolet Silverado electric pickup; GM and dealer investments in the EV customer experience; public and private investment in EV charging infrastructure; and the global policy environment.

GM’s announcement builds on the company’s initial commitment announced in March 2020 to invest $20 billion from 2020 through 2025, including capital, engineering expenses and other development costs, to accelerate its transition to EVs and AVs. In November 2020, the company increased its planned investment over the same period to $27 billion.

GM’s additional investments and new collaborations are designed to create even greater competitive advantages for the company, GM says. They include:

  • Accelerating Ultium battery cell production in the U.S. GM is accelerating plans to build two new battery cell manufacturing plants in the United States by mid-decade to complement the Ultium Cells LLC plants under construction in Tennessee and Ohio.
  • Commercializing U.S.-made Ultium batteries and Hydrotec fuel cells. In addition to collaborating with Honda to build two EVs using Ultium technology – one SUV for the Honda brand and one for the Acura brand – GM announced June 15 it has signed a memorandum of understanding to supply Ultium batteries and Hydrotec fuel cells to Wabtec Corporation, which is developing the world’s first 100% battery-powered locomotive. Separately, GM will supply Hydrotec to Navistar Inc., which is developing hydrogen-powered heavy trucks to launch in 2024, and Liebherr-Aerospace, which is developing hydrogen-powered auxiliary power units for aircraft.
  • 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 North America. Through additional investments, GM will add to its North America plan new electric commercial trucks and other products that will take advantage of the Ultium platform.
  • Safely deploying self-driving technology at scale. Cruise, GM’s majority-owned subsidiary, recently became the first company to receive permission from regulators in California to provide a driverless AV passenger service to the public, GM says.

You May Also Like

Unico releases the BAT300 Series, an EV battery testing solution

Unico said the BAT300 Series is based on the Unico IDAC power platform and offers performance, efficiency and versatility at a reduced cost.

idac-combo

Unico introduced the BAT300 Series at this year's International Battery Seminar. Unico said the BAT300 Series is based on the Unico IDAC power platform and offers performance, efficiency and versatility at a reduced cost.

“With the recent acquisition of Present Power Systems, we're already harnessing technologies from our new Advanced Technology Group, and the BAT300 Series represents our first product coming out of the acquisition," Steve Bright, CEO of Unico, said. "The new IDAC power platform empowers Unico to enhance our presence in battery markets and venture into new sectors, such as on-board charging, home charging, battery recycling and more."

Hexagon Agility expands CNG fuel system manufacturing plant

The company says a green future for trucking is close, and what’s coming next could put fears over a lack of CNG power to bed.

Hexagon-combo
DTNA introduces BEV dealer certification program

DTNA said the program covers over 75 specific criteria in four key areas including safety, charging infrastructure, dealership infrastructure and training.

DTNA-BEV-certification-program
Nikola Corporation names new CFO

Thomas Okray joins the company’s executive team as chief financial officer.

Nikola-executive-appointment
InductEV forms strategic partnerships for wireless charging deployment

InductEV said each company will provide mechanical and electrical engineering services to help with the deployment of its wireless charging system.

BorgWarner-Santroll-eMotor-Handshake

Other Posts

Can you jumpstart an EV?

First thing’s first: Find the LV battery, which could be anywhere in the vehicle.

bendpakEVgarage12Vjump
StoreDot tests battery cells to perform in cold conditions

Recent tests revealed that StoreDot’s silicon battery cells reach 80% capacity when charged at -10°C (14°F) with standard charging speed.

StoreDot-extreme-fast-charging-EV-batteries
GM to provide Southern Company with Hydrotec fuel cell-powered trucks

GM is sending its trucks to Southern Company to demonstrate real-life applications of fuel cells for fleet and commercial customers.

gm-hydrotec-prototype-field-evaluation-fleet-truck
Mullen road tests solid-state polymer battery pack

The initial test results met or exceeded all requirements targeted for the first drive cycles for energy usage and driving range.

Mullen-battery-pack-testing