General Motors (GM) had plans to invest $27 billion in electric and autonomous technology (including 20 new electric models by 2023). Over the mid-term, even greater sums will be required. New GM vehicles include an all-electric Hummer SUV. GM is building a $2.3 billion battery plant in partnership with LG Chem Ltd. in Ohio and has plans for a third electric truck plant. In addition, GM is partnering with Honda to jointly develop new vehicles including a driverless shuttle and two electric Honda vehicles using GM’s technology.
Mercedes-Benz announced plans to go all electric by 2030, investing more than $47 billion in this strategy over the mid-term. Volkswagen is investing in standardizing electric components such as batteries and software across its brands, including Audi and Porsche.
Stellantis NV, a firm created by the merger of Fiat Chrysler Automobiles NV and PSA Group, is investing more than $35.5 billion through 2025 on new plug-in models. Stellantis plans to focus on battery development and sourcing.
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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
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