GM to invest nearly $800m to bring EV output to Ontario Plant
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 GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio/Files
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. 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.
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First Published Date: 16 Jan 2021, 20:30 PM IST
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