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GM to invest over $2bn in US manufacturing to increase EV production

GM to invest over $2bn in US manufacturing to increase EV production

GM is investing about $2.2bn in its US manufacturing operations, primarily to boost production of EV. Since March’19, GM has committed to invest over $4.5bn in three US manufacturing facilities to prepare for EV-related production. The company had earlier said, it plans to release at least 20 new EV’s globally by 2023, including the upcoming GMC Hummer EV, which will be unveiled on Tuesday night.

Milan
Milan
Top in Business