Big Law
GM Takes on Tesla With a $6.6 Billion Investment Into Electric Vehicles
General Motors said it will invest roughly $6.6 billion in its home state of Michigan through 2024 to increase electric pickup-truck production and build a new EV battery cell plant.
The new spending is part of a plan to increase GM’s North American production capacity to build 1 million electric vehicles by 2025, the automaker announced Tuesday.
GM has projected it will overtake Tesla as the top U.S.-based seller of electric vehicles by mid-decade. The investments are part of the $35 billion the company has pledged to spend on EVs by 2025.
