General Motors Confirms Plans to Produce All-Electric Silverado Pickup Truck

Several months after unveiling a new all-electric Hummer, General Motors this week confirmed production plans for an all-electric version of its popular Chevrolet Silverado pickup truck, which will be manufactured at the company’s new flagship assembly plant.

The new electric Silverado pickup is part of a $2.2 billion investment in GM’s new 4.5 million square-foot assembly plant in Detroit. The plant, which is still under renovation, is being renamed Factory Zero, as a means of coinciding with the company’s ambitious electric vehicle plans. The new all-electric truck marks the latest move by GM, which plans to deliver over 1 million electric vehicles around the globe by 2025.

The electric full-size Silverado will be built alongside the electric GMC Hummer and the Cruise Origin, and will have a range of over 400 miles on a single charge. GM also noted the new electric pickup will be available in both retail and fleet versions, but refrained from revealing the production start date or when the truck will be available for sale.

Information for this briefing was found via GM. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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