Wednesday, December 31, 2025

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

The Monetary System Is Cracking – Gold Is the Pressure Valve | Ross Beaty – Equinox Gold

Heliostar Metals: The Cerro del Gallo PFS

Aura Minerals: Speedrunning The Era Dorada Project

Recommended

Silver47 Reports Discovery Of FOMO Zone At Red Mountain After Sampling 1,793 g/t Silver Equivalent

When A Shut-Down Mine Starts Making Sense Again | Selkirk Copper

Related News

General Motors Plans to Produce Only Zero-Emission Vehicles by 2035

Following California’s recently introduced legislation that will ban the sale of new combustion engine vehicles...

Thursday, January 28, 2021, 04:24:48 PM

Canada’s Job Market Continues to Mask Underlying Weakness with Public Sector Expansion

Recent employment data reveals a concerning trend in Canada’s job market, as public sector growth...

Wednesday, July 31, 2024, 02:26:00 PM

Canadian Consumer Confidence Soars to Highest Since 2019 Amid Easing of Restrictions

With lockdown restrictions beginning to ease across several Canadian regions, consumers are becoming more optimistic...

Thursday, February 25, 2021, 10:04:00 AM

Only Half of Canadians Would Volunteer for Military Service in Armed Conflict, Poll Finds

A new poll reveals growing challenges for Canada’s military recruitment efforts, with younger adults significantly...

Monday, July 14, 2025, 12:14:00 PM

GM Launches Electric Delivery Vehicle Business

Following a new logo unveiling that is expected to align with a zero-emissions future, GM...

Monday, January 18, 2021, 11:57:00 AM