GM has raised the stakes in what’s starting to look like a lively EV rivalry with Ford. The nation’s largest automaker now says it plans to invest $35 billion in electrification over the five years ending in 2025—the second increase in its announced figure in the last eight months. By 2025, GM plans to offer 30 electrified models globally, and hopes to reach annual sales of 1 million EVs in the US and China.
Perhaps the most important news, however, is that GM plans to bulk up on battery manufacturing capacity in the US, which will be a necessity if it truly intends to reach volume production. GM President Mark Reuss recently told the Associated Press that the company will soon announce plans for more US battery factories, in addition to the two that are already on the drawing board.
The two plants currently under construction, in Lordstown, Ohio and Spring Hill, Tennessee, will be sending cells to five factories where GM plans to build EVs, in Michigan, Tennessee, Ontario and Mexico. Industry observers say the two factories won’t be enough to serve the five assembly plants if sales rise as expected.
Reuss offered no details of where the factories would be located, saying only, “In the next week we’ll announce some more, and it will be here in the US.” It seems likely that the new battery plants, each of which is expected to cost more than $2 billion, will be located close to some of the assembly plants.
“EV adoption is increasing and reaching an inflection point, and we want to be ready to produce the capacity that we need to meet demand over time,” GM CFO Paul Jacobson said in a conference call with reporters. “We know we’ll need those battery plants to further our goals.”
Source: AP, Reuters, New York Times
Thank you for addressing this topic. It’s very relevant to me.
거제출장안마
청도페이스라인출장
강남안마시술소중계업체
order lasuna pill – cheap diarex purchase himcolin without prescription
buy generic besivance – besifloxacin uk generic sildamax
neurontin tablet – buy generic gabapentin 600mg buy azulfidine cheap
buy probenecid online cheap – brand monograph 600mg tegretol 200mg oral
buy celebrex 100mg – buy indocin 50mg online purchase indocin for sale
diclofenac 50mg over the counter – purchase diclofenac sale aspirin over the counter
purchase rumalaya without prescription – order amitriptyline for sale endep medication
diclofenac sale – cheap voveran pill cost nimotop
oral baclofen – baclofen 10mg cheap order piroxicam 20mg online cheap
buy mobic 15mg pills – buy meloxicam pills buy toradol 10mg
cheap artane online – diclofenac gel online purchase where can i purchase voltaren gel
cheap cefdinir – buy clindamycin generic buy cleocin cheap
isotretinoin 10mg generic – cost avlosulfon 100 mg deltasone 40mg pill
buy permethrin generic – benzac online buy order retin cream online cheap
order betamethasone 20gm creams – oral differin order benoquin online cheap
buy flagyl 400mg generic – flagyl sale order cenforce 100mg pills
order augmentin 625mg online cheap – augmentin 625mg sale synthroid over the counter
order cleocin 300mg – indocin 75mg without prescription order indocin generic
purchase cozaar generic – buy keflex medication buy keflex 500mg generic
eurax us – order aczone for sale order aczone pills
buy provigil 100mg for sale – buy melatonin 3mg for sale buy cheap generic meloset
buy zyban without a prescription – buy shuddha guggulu medication order shuddha guggulu
progesterone cheap – buy prometrium without a prescription fertomid cost
alendronate 70mg ca – buy medroxyprogesterone 10mg without prescription buy medroxyprogesterone 5mg sale
buy norethindrone sale – bimatoprost order online order yasmin
cost dostinex 0.25mg – buy cabgolin pills where can i buy alesse
buy yasmin pills – yasmin usa arimidex online