General Motors Company

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Products, Other Pre-Announcement

GM To Boost EV And AV Investments To $35 Billion Through 2025

Published: 06/16/2021 13:18 GMT
General Motors Company (GM) - :gm Will Boost Ev and Av Investments to $35 Billion Through 2025.
Gm - Will Pull Ahead Construction of Two New Ultium Battery Cell Plants in the U.S.gm - Targeting Annual Global Ev Sales of More Than 1 Million by 2025.
Gm - Now Expects H1 Ebit-adjusted Will Be Between $8.5 Billion & $9.5 Billion on Continued Strong Demand, Better-than-expected Results at Gm Financial.
Gm - Now Expects to Deliver Better-than-expected Results in Q2 Despite Industry-wide Impact of Semiconductor Shortage.
Gm - Expects H1 Ebit-adjusted to Be Between $8.5 & $9.5 Billion Also Due to Improved Near-term Production From Pull Forward of Semiconductors From Q3.
Gm - Expects H2 2021 Will Continue to Be Complex and Fluid.
Gm - Confirming Plans to Launch Its Third-generation Hydrotec Fuel Cells With Even Greater Power Density and Lower Costs by Mid-decade.
Gm - Accelerating Plans to Build Two New Battery Cell Manufacturing Plants in U.S. by Mid-decade.
Gm - With New Investments, Will Add to Its North America Plan New Electric Commercial Trucks, Other Products.
Gm - With New Investments, Will Add Additional U.S. Assembly Capacity for Ev Suvs.
Gm - Gm Financial Will Provide Multi-year, $5 Billion Credit Facility for Cruise to Scale Its Cruise Origin Fleet.
Gm - Cruise Origin Will Be Built at Gm’s Factory Zero Detroit-hamtramck Assembly Center Starting in Early 2023.
Gm - Confirming That It Will Host an Investor Day in the Detroit Area Oct.
6-7.