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GM Will Boost EV and AV Investments to $35 Billion Through 2025

June 16, 2021 9:00 AM EDT

DETROIT, June 16, 2021 /PRNewswire/ -- General Motors Co. (NYSE: GM) announced today it will increase its EV and AV investments from 2020 through 2025 to $35 billion, representing a 75 percent increase from its initial commitment announced prior to the pandemic.

The company's enhanced commitment will accelerate its transformative strategy to become the market leader in EVs in North America; the global leader in battery and fuel cell technology through its Ultium battery platform and HYDROTEC fuel cells; and through Cruise, be the first to safely commercialize self-driving technology at scale.

"We are... More