The new 2019 Chevrolet Silverado 1500 was officially unveiled at the 2018 North American International Auto Show in Detroit, Michigan on January 13, 2018.
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Detroit-General Motors shares closed at a new high on Tuesday after the company confirmed plans to produce an all-electric Chevrolet Silverado pickup at an electric vehicle assembly plant under construction in Detroit.
The automaker’s stock closed up 1
GM’s performance this year has increased by about 50%, thanks to a series of announcements related to electric vehicles. This also confirms the comments made by General Motors CEO Mary Barra last month on the stock’s future potential.
She said in an online discussion on March 11: “I think that as the market begins to see all the assets and resources GM has brought to this transformation, I think we are just beginning to see the trend of GM’s stock. “In the “Women in Business” event of the Economic Club of New York.
The Silverado electric vehicle is part of the previously announced investment of US$2.2 billion in the plant, which will begin production of a new generation of GMC Hummer pickups later this year to produce a series of next-generation electric vehicles. The facility also plans to use other vehicles, including the recently released Hummer EV SUV and an autonomous multi-person shuttle called Cruise Origin.
2024 GMC Hummer EV SUV and 2022 GMC Hummer EV sports utility vehicle or SUT.
A few days after the automaker launched a new SUV version of the upcoming GMC Hummer EV, the confirmation of the Silverado EV was passed.
Earlier this year, the company also announced a new all-electric commercial vehicle division called BrightDrop. It also announced plans to exclusively provide electric vehicles by 2035.
The new cars are part of General Motors’ plan to release 30 new electric vehicles worldwide by 2025, during which time investment in electric and self-driving cars was $27 billion. The company plans to sell at least 1 million electric vehicles a year by then.