GM to invest nearly $800m to bring EV output to Ontario Plant
1 min read . Updated: 16 Jan 2021, 08:30 PM ISTGM announced the creation of BrightDrop, a wholly-owned company, earlier this week.
General Motors will invest nearly $800 million to bring production of its BrightDrop EV600 electric vehicle to its CAMI manufacturing plant in Ontario, Canada.
The investment will convert the factory into a large-scale electric delivery vehicle manufacturing plant to support GM’s timing to deliver the EV600 in late 2021, the company said in a statement.
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The agreement is subject to ratification with union Unifor and confirmation of government support.
(Also Read: General Motors catches a whiff of the EV-stock mania)
GM announced the creation of BrightDrop, a wholly-owned company, earlier this week. It will supply battery-powered vans and offer fleet-management services.