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GM boosting electric and autonomous vehicle spending to $35 billion, two new factories planned
General Motors ‘knocked it out of the park’ on electric car rollout
Gary Gastelu on GM, electric vehicles
General Motors is increasing its investments in electric and autonomous vehicles by 30% to $35 billion through 2025, the automaker said Wednesday giving the shares a lift.
GENERAL MOTORS CO.
Included in the expanded spending is the construction of two new battery factories in the U.S., in addition to two currently under development in Ohio and Tennessee. The locations of the new factories were not immediately revealed.