Reuters exclusively reports GM to boost spending on electric vehicles by 30% - Reuters News Agency
Automotive

Reuters exclusively reports GM to boost spending on electric vehicles by 30%

Reuters reported exclusively that General Motors Co will boost global spending on electric and autonomous vehicles to $35 billion through 2025, a 30% jump over its most recent forecast as it pursues electric vehicle (EV) leadership. As part of that spending, the No. 1 U.S. automaker will build two additional U.S. battery plants, sources said. The move comes less than a month after rival Ford Motor Co upped its EV spending by more than a third to over $30 billion by 2030. 

Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Equities
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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