GM has indicated that its investment in electrified and driverless vehicles would be increased to $35 billion by 2025.
In a news statement, GM chair and CEO Mary Barra stated, “We are investing aggressively in a comprehensive and highly-integrated strategy to ensure that GM leads in all elements of the transformation to a more sustainable future.”
The investment, according to GM, would help the business expand Ultium battery production in the United States, with plans to establish two additional Ultium battery manufacturing sites by the middle of the decade.
The funds will also be used to extend the availability of electric vehicles to customers. Last year, General Motors announced that by 2025, it will have delivered 30 new electric vehicles to the market.