General Motors Co. (GM), one of the biggest car manufacturers and a global leader in battery and fuel cell technology, announced an increase in its Electric Vehicle (EV) and Autonomous Vehicle (AV) spending by 75% to $35 billion through 2025. Shares rose 1.6% to close at $61.76 on June 16. In March 2020, GM announced its plans to invest $20 billion in EVs and AVs from 2020 through 2025 to fast-track its transition to electrification. Within a matter of months, the company had increased its planned investment to $27 billion.
https://www.tipranks.com/news/gm-to-boost-ev-and-av-spend-to-35b-raises-1h21-ebit-outlook
General Motors (NYSE:GM)
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