Canada has reportedly announced to support the multi-billion-dollar investment of General Motors Co. in two facilities including the plant that will produce electric commercial vehicles.
Francois-Philippe Champagne, Canada's federal Industry Minister, Ontario Premier Doug Ford, and Scott Bell, the Vice President of Global Chevrolet at GM will announce a critical investment in the future of the automotive manufacturing sector in Canada. The announcement will be made at Oshawa’s GM vehicle test track.
Earlier last year, GM stated that it would invest nearly USD 799 million to convert its Ingersoll, Ontario’s CAMI Assembly Plant to manufacture its BrightDrop EV600 delivery vans. Towards the end of 2021, GM resumed operations of its Oshawa facility to make the Chevrolet Silverado pickup after it was shut down for two years.
Canada is striving to protect the future of its production heartland in Ontario as the world looks to reduce emissions by investing in the EV (electric vehicle) supply chain.
A month ago, South Korea's POSCO Chemical and GM stated that they would construct a plant of USD 400 million to make battery materials in Canada as the automaker is set to mainly produce electric vehicles in the future.
By the end of 2025, the automaker plans to gain the capacity of building around one million EVs in North America.
For the unversed, General Motors has close to 155,000 employees that bring their collective enthusiasm for technology, engineering, and design to deliver on an ambitious future.
The company’s new Ultium Platform will facilitate the adoption of EVs, thereby moving the world closer to its goal of zero emissions. This innovation will power GM’s plan to deliver 30 new EVs worldwide by 2025.
Ultium Charge 360, General Motor’s comprehensive charging approach, will integrate brand mobile apps, charging networks, and other products and services. While its brands Buick, Chevrolet, Cadillac, and GMC introduce more EVs, it is GM’s objective to simplify the overall charging experience in public as well as at home.
Source credits: https://www.reuters.com/business/autos-transportation/canada-support-gm-multi-billion-dollar-investments-two-plants-2022-04-03/
