GM boosts spending on electric vehicles, to add two new U.S. battery plants
The Star Online - Tech·2021-06-17 08:01
DETROIT (Reuters) - General Motors Co on Wednesday boosted its spending on electric and autonomous vehicles, pulled ahead plans for two U.S. battery plants and forecast stronger-than-expected second-quarter profits.
The No. 1 U.S. automaker said it will now spend $35 billion through 2025 on EVs, an increase of 75% from March 2020 before the COVID-19 pandemic shut down the industry.
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