General Motors is increasing its spending on electric vehicles, planning more electric cars, trucks and SUVs than previously announced and that it will produce many of them sooner than originally planned. Among the reasons why: Better and cheaper batteries.
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“GM could be a major player in the EV market with Tesla,” says Wedbush technology analyst Daniel Ives. “The Hummer EV … will be one of the foundational models as part of GM’s $20 billion push into the EV space.” Here’s what’s happening.
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General Motors and Nikola are teaming up to work on the Nikola Badger, a fully electric and hydrogen fuel cell electric pickup truck.
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In a major challenge to electric car leader Tesla, General Motors announced Wednesday it has created a new electric vehicle battery that offers up to 400 miles of range and will be cheaper to produce than today’s batteries.
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General Motors and LG Chem announced plans for a $2.3 billion factory to build batteries for electric cars. The factory will be near the site of GM’s closed Lordstown assembly plant in Ohio.
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General Motors, America’s largest automaker, and Bechtel, the country’s largest construction company, are teaming up to build thousands of electric vehicle fast-charging stations across the United States.
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A group of institutional investors is sinking $1.15 billion into GM Cruise LLC, the autonomous vehicle unit of General Motors.
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