General Motors plans to invest several billion dollars in the development of electric cars. With the range of a battery charge, the industry giant even wants to outbid Teslo.
Detroit (dpa) - The largest US automaker General Motors (GM) wants to finally get going on the subject of electromobility. By 2025, around $ 20 billion (€ 18 billion) will be invested in the development of electric and self-driving cars.
At an investor event, the group also announced e-models for all brands in its product range. GM is pursuing ambitious goals in the offensive, which is slated to begin in April with the luxury SUV Cadillac Lyriq. The industry giant announced a range of 400 miles (nearly 644 kilometers) per battery charge. With this, GM would outbid the whiz Tesla, which so far has a maximum of 390 miles.
GM boss Mary Barra also assured that her company would make money with the electric cars. Other planned models are a new edition of the Chevrolet Bolt and the comeback version of the former fuel-heavyweight Hummer already advertised at the "Super Bowl" as an electric pick-up variant of the GMC group brand.
The plans were well received on the market, with the stock going up 3.3 percent from the US market. GM has, however, been under a lot of pressure when it comes to e-mobility. Tesla's success in particular recently made the market leader look old on the trend topic. While GM has lost 20 percent on the stock exchange in the past twelve months, Tesla's shares rose by almost 160 percent.
