GM to start making Silverado electric pickups late next year in Detroit
04/06/2021 | 03:31pm EDT
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(Reuters) - General Motors Co is planning to start production of Chevrolet Silverado electric pickup truck late next year at its Detroit-Hamtramck assembly plant, a source familiar with the U.S. automaker s plan said on Tuesday.
The vehicle is expected to go on sale in early 2023 as a 2024 model, another source said.
The company declined to comment on the production timeline for Silverado. Its announcement that the trucks will be made at the Michigan plant, also known Factory Zero, sent GM shares to a record $62.45.
The automaker plans to deliver more than 1 million electric vehicles globally by 2025.
Apr 7th, 2021
Industrial Media Staff
General Motors President Mark Reuss confirmed the recently revealed GMC Hummer EV SUV will be built at Factory ZERO.
GM
General Motors President Mark Reuss yesterday announced Chevrolet will introduce a Silverado electric pickup truck that will be built at the company’s Factory Zero assembly plant in Detroit and Hamtramck, Michigan. He also confirmed that the GMC Hummer EV SUV will be built at the factory as well.
GM hopes to deliver more than 1 million electric vehicles globally by 2025 and earn EV market leadership in North America. With the company’s Ultium Platform, virtual development tools and technology, GM has reduced vehicle development times by nearly 50 percent to just 26 months.
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The value of GM stock hit $63.44 per share on Tuesday, an all-time high for the “new GM,” before backtracking slightly to close the day at $61.94 per share. GM’s market cap is 89.25 billion, with a daily open of $60.50 per share and a daily low of $60.44 per share.
The rise in GM stock value was fueled primarily by the announcement of the new all-electric Chevy Silverado pickup truck. In a press release issued earlier Tuesday, GM confirmed that it was developing the new Silverado EV for production at GM’s Factory Zero assembly plant in Michigan, previously known as Detroit-Hamtramck.
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