News
GM to invest $491 million in US factory to produce parts for electric vehicles
With the development of electric vehicles, many traditional car companies have begun to actively invest in and launch their own electric vehicles. In early September, GM unveiled its new electric SUV, the Chevrolet Equinox EV, which is based on the Ultium platform and starts at $30,000. Today, General Motors announced a new investment in the electric vehicle industry.
JOIN XIAOMI ON TELEGRAM
According to GM’s official website, GM will invest $491 million in its metal stamping plant in Marion, Indiana, in preparation for the plant’s future production of stamped parts for steel and aluminum, the auto parts will be used in the production of vehicles, including electric vehicles produced at several GM assembly plants.
Moreover, in order to reduce vehicle costs and increase production scale, Cruise, the autonomous driving division of General Motors, has begun to independently develop chips for autonomous vehicles, which are expected to be deployed in 2025.