GM to invest nearly $800m to bring EV output to Ontario Plant

By: Bloomberg
Updated on: 16 Jan 2021, 20:30 PM

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GM announced the creation of BrightDrop, a wholly-owned company, earlier this week.

The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio/Files (REUTERS)

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. 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.

First Published Date: 16 Jan 2021, 20:30 PM IST

TAGS: General Motors electric vehicle