Wednesday, December 10, 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

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

Guanajuato Silver: Q3 Results Overshadowed By Silver Ripping

I Went to See the Highest Grade Silver on Earth | Nord Precious Metals

Recommended

Steadright Locks Up Goundafa Polymetallic Mine Under Binding MOU

Emerita Resources Awards Contract For Pre-Feasibility Study On Iberian Belt West Project

Related News

CMHC Tightens Mortgage Borrowing Criteria

Recently, Canada’s housing agency has decided it will be implementing a series of measures aimed...

Sunday, June 7, 2020, 04:04:00 PM

Canada’s Economy Expanded By 0.7% In January

Canada’s recovery appears to be showing continued resiliency, despite a second wave of pandemic-related closures...

Thursday, April 1, 2021, 02:39:00 PM

Canada to Cut 3,300 Immigration Jobs Over Three Years

Immigration, Refugees and Citizenship Canada (IRCC) plans to eliminate about 3,300 positions by 2027, targeting...

Wednesday, January 22, 2025, 07:46:09 AM

GM Makes Bet On Alternative Energy Vehicles, Announces $2 Billion Equity Stake in Nikola Corp

As alternative-fuel vehicles increase in popularity among consumers and investors alike, it appears that North...

Tuesday, September 8, 2020, 10:01:12 AM

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