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

First Majestic Q1 Earnings: A Bang Up Quarter

Copper’s Structural Shortage May Be Here to Stay | Colin Joudrie – Selkirk Copper

Why Barrick’s “Strong” Quarter Wasn’t So Strong | Q1 2026 Earnings

Recommended

Questcorp Wraps Expanded Drone Survey at La Union as Summer Drilling Approaches

Altamira Gold Extends Maria Bonita Footprint with 110 Metre Step-Out

Related News

Canada Unveils C$1 Trillion Plan to Double Electricity Grid Capacity by 2050

Canada has launched a C$1 trillion National Electricity Strategy to double the country’s grid capacity...

Thursday, May 14, 2026, 10:49:15 AM

Baidu USA Receives Driverless Vehicle Permit from California DMV

The race for electric and autonomous vehicles appears to really be heating up, especially in...

Monday, February 1, 2021, 11:47:00 AM

Lithium Americas Closes On $625 Million Investment From General Motors

Lithium Americas (TSX: LAC) has closed on the previously announced joint venture arrangement with General...

Monday, December 23, 2024, 12:18:00 PM

Erin O’Toole Reveals He Was Targeted By China Before 2021 Election

Former Conservative leader Erin O’Toole has revealed that he was targeted by a misinformation and...

Thursday, June 1, 2023, 10:54:41 AM

Waymo Expands 24/7 Driverless Service In Phoenix

Alphabet Inc’s (Nasdaq: GOOGL) self-driving platform Waymo recently began offering its driverless service to the...

Monday, December 26, 2022, 11:29:00 AM