Monday, December 22, 2025

Latest

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

Soma Gold: Q3 Earnings Impacted By Labour Strike

Thesis Gold: The Multi-Billion Dollar Lawyers-Ranch PFS

Why Canada Has So Few Projects That Can Be Built Before 2030 | Dan Wilton – First Mining

Recommended

Northern Superior Shareholders Set To Receive Shares Of ONGold Resources Friday

Goliath Resources Sees Rob McEwen Increase Ownership Interest

Related News

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

Rising Rates Globally Set To Hit Spain, Australia, Canada The Hardest

Many corners of the financial and investing world are grappling with challenges that were not...

Saturday, September 17, 2022, 09:00:00 AM

New Survey Shows Canadians Pretty Much Resent Each Other

A new poll by the Institute for Research on Public Policy (IRPP) Centre of Excellence...

Friday, October 21, 2022, 02:31:00 PM

General Motors to Resume Production at 5 Plants Following Chip Shortage

General Motors has revealed it will restart production at five of its plants beginning in...

Friday, May 28, 2021, 10:36:00 AM

Canadian Retail Sales Increase 0.4% In October

Canadian retail sales recorded strong growth for the month of October, rising by 0.4% on...

Friday, December 18, 2020, 02:34:00 PM