General Motors increased its investment in electric and autonomous vehicles to about $ 35 billion through 2025, representing a 30% increase, the company said.
In early 2020, at a conference during the Consumer Electronic Show (CES) in Las Vegas, Mary Barra, the global CEO of the US automaker, said the company would invest $ 27 billion by 2025 in projects related to electromobility. “We are going to write a new chapter in our history,” he said.
But six months after this announcement, the US manufacturer has decided to increase this amount due to the “strong reception” of consumers to its first models of electric cars and beneficial public policies as factors that give it confidence in this investment.
The additional injection will go towards the construction of two additional battery cell plants, in addition to the two factories currently under construction.
In Mexico, the company announced an investment of more than 1,000 million dollars in the plant in Ramos Arizpe, Coahuila, to start producing electric vehicles from 2023.
This plant, according to the company, will be General Motors’ fifth manufacturing site in North America to produce electric vehicles, joining Spring Hill, Tennessee; Factory Zero and Orion in Michigan and CAMI in Ontario, Canada.
Construction work on new facilities within the complex has already begun. In addition, the US manufacturer said that the production of batteries and electrical components will start from the second half of 2021, two years before starting with the first electric vehicles.
With information from AFP
