Electric pickup, batteries in GM's US$7 bln investment pledge

September 17, 2019 09:26
GM plans to introduce a series of electric vehicles by 2023. Photo: Bloomberg.

An all-electric pickup truck and an advanced battery system will be part of the US$7 billion that General Motors has pledged to invest in the United States as parts of contract talks with the United Auto Workers, Reuters reports.

The automaker and the union were continuing talks late on Monday to resolve a strike by 48,000 hourly workers that shut down GM’s highly profitable US operations.

GM said on Saturday that it will make investments in eight facilities in four states, but did not specify timing, location or products other than the electric pickup and a battery cell plant.

But on Monday, the company revealed that it plans to invest both in advanced propulsion systems for electric vehicles and in core products such as trucks and utility vehicles that generate much of its profit.

Some of that investment is earmarked for the production of electric vehicles in Michigan and battery cells in Ohio, sources told Reuters.

GM also is expected to update plants in Michigan, Tennessee and Missouri to build redesigned versions of its midsize pickups and crossovers.

The automaker has said that it plans to introduce a stable of electric vehicles by 2023, but has not provided details.

According to Reuters sources, those vehicles will feature an advanced battery system and a new vehicle structure that is flexible and modular, to accommodate different vehicle types and sizes.

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