GM will launch 10 electric vehicles in this country by 2025

GM announced that it will bring 10 electric vehicles to South Korea, however, yet to decide plans for the US market.GM's South Korea unit builds about 600,000 vehicles a year, shipping many to the United States including the Chevrolet Trailblazer SUV.
By : Reuters
| Updated on: 12 Nov 2021, 11:17 AM
The General Motors headquarters in Detroit, Michigan. (Reuters)
The General Motors headquarters in Detroit, Michigan. (Reuters)
The General Motors headquarters in Detroit, Michigan. (Reuters)
The General Motors headquarters in Detroit, Michigan.

General Motors Co will launch 10 electric vehicles (EVs) for the South Korean market by 2025, but has no plans yet to manufacture EVs in the country, Steven Kiefer, the head of GM's international operations said on Friday.

The No.1 U.S. automaker, which warned last year that persistent industrial action was preventing further investment in South Korea, builds EVs in the United States and China. It also has plans to build the vehicles in Mexico and Canada.

Similar Cars

Find More Cars
Hyundai Kona Electric (HT Auto photo)
Hyundai Kona Electric
cc | Electric | Automatic
₹23.79 - 23.98 Lakhs**Ex-showroom price
Kia Sonet (HT Auto photo)
Kia Sonet
1197 cc | Petrol | Manual | 18.4 kmpl
₹6.79 - 13.55 Lakhs**Ex-showroom price
Maruti Suzuki Dzire (HT Auto photo)
Maruti Suzuki Dzire
1197 cc | Petrol | Manual | 23.26 kmpl
₹5.89 - 9.09 Lakhs**Ex-showroom price
Maruti Suzuki Baleno Facelift (HT Auto photo)
Maruti Suzuki Baleno Facelift
1197 cc | Petrol | Manual
₹6.5 - 10 Lakhs**Ex-showroom price
Tata Nexon (HT Auto photo)
Tata Nexon
1199 cc | Petrol | Manual | 17.4 kmpl
₹7 - 13.24 Lakhs**Ex-showroom price

Kiefer's visit after a Korean labour union delegation went to Detroit in June had led to speculation in local media that he could announce new EV production plans.

(Also read | Mercedes, Ford, Volvo, GM agree to phase out combustion engine by 2040)

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

"We are not announcing any plans yet to produce electric vehicles in the county, so stay tuned for that," Kiefer told a media briefing.

GM's South Korea unit builds about 600,000 vehicles a year, shipping many to the United States including the popular Chevrolet Trailblazer SUV, and employs about 12,000 people. It reported an operating loss of 309 billion won ($262 million) last year.

Kiefer also said GM's partnership with South Korea battery maker LG Energy Solution was "very bright". "Clearly more (battery) capacity is going to be required, so stay tuned for some additional announcements," he said.

(Also read | GM's Cruise, Alphabet's Waymo allowed to give autonomous ride in this US state)

GM and LG are building two battery cell manufacturing plants with a combined annual production capacity of about 70 gigawatt hours in the United States, which could power about 1 million EVs.

In October, GM said LG units had agreed to reimburse it for $2 billion in estimated costs and expenses associated with a recall of Bolt electric vehicles .

 

First Published Date: 12 Nov 2021, 11:17 AM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city