GM to Invest $800 Million Towards Commercial EV Factory in Ontario

GM recently unveiled a new wholly-owned business called BrightDrop, which will provide electric first-to-last mile products for logistics companies. As such, the automaker Monday announced it will allocate US$800 million towards production of electric commercial vehicles in Canada.

GM plans to invest almost US$800 million for the production of the EV600, an all-electric commercial vehicle that will be used by BrightDrop to deliver packages within a 250 mile range. GM plans to convert its CAMI plant in Ontario into a large-scale electric delivery vehicle manufacturing plant that will eventually produce the EV600 before the end of 2021.

BrightDrop will provide battery-powered vans, electric pallets, and other fleet-management services for courier companies within the next year or so. The auto-manufacturer’s latest investment would create the first large-scale commercial EV production factory in Canada.

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.

Video Articles

A $2.2B Gold Project Is Outgrowing Its Plan | Michael Henrichsen – Gold X2 Mining

Pay for the Copper, Get the Gold Free | Rob McEwen – McEwen Inc

This Gold Discovery Was Already Huge. Now It’s Becoming a Monster. | Goliath Resources

Recommended

This Gold Discovery Just Keeps Getting Bigger | Roger Rosmus – Goliath Resources

Cardiol Expands MAVERIC Trial to Up to 150 Patients After Reaching Enrollment Target Early

Related News

Canadian Retail Sales Climb 0.6% in June on Merchandise Gains

A reversal may be looming in July, but Canadian retailers closed out June on solid...

Friday, August 21, 2026, 02:00:17 PM

Canada’s Trade Surplus Widens to $1.94B in August as Energy Exports Surge

Canada’s trade balance remained in a surplus position for the third consecutive month, widening from...

Wednesday, October 6, 2021, 04:35:00 PM

Canada Dead Last in OECD Economic Growth Projections for Next Four Decades

Long-term forecasts from the Organization for Economic Co-operation and Development show Canada will post the...

Saturday, October 18, 2025, 07:39:00 AM

‘I Don’t Shut Up’: Tempers Flare Between Smith and Carney

Prime Minister Mark Carney and Alberta Premier Danielle Smith traded barbs this week after Carney...

Tuesday, April 8, 2025, 12:47:00 PM

Canadian Factory Prices Continue to Surge in April

Prices of goods produced in Canada, as well as prices for the raw materials needed...

Wednesday, June 2, 2021, 11:51:00 AM