The new 2019 Chevrolet Silverado 1500 makes its official debut at the 2018 North American International Auto Show, January 13, 2018, in Detroit, Michigan.
Bill Pugliano | Getty Images
DETROIT – General Motors shares closed Tuesday after the automaker confirmed plans to produce a fully electric Chevrolet Silverado pickup at an electric vehicle assembly plant under construction in Detroit.
The car manufacturer’s shares closed up 1.5% to $ 61.94 per share, setting a new closing record after reaching a high of $ 63.44 on Tuesday. Both closing and day-to-day prices have been all-time highs since the carmaker went bankrupt at the end of the Great Recession and began trading again in 2010. GM’s market cap is 89, $ 25 billion.
GM’s stock performance this year, up about 50%, has been driven by a steady stream of electric vehicle announcements. It also validates comments made last month by GM CEO Mary Barra about the future potential of the action.
“I think as the market begins to see all the assets and resources that General Motors brings to this transformation, I think we are right at the beginning of where you will see the movement of GM stocks,” she said in a March 11 online discussion. . at The Economic Club of New York’s Women in Business.
The electric Silverado is part of a previously announced $ 2.2 billion investment in the factory to produce a series of next-generation electric vehicles starting later this year with a fully electric GMC Hummer pickup. Other vehicles planned for the installation include the recently unveiled Hummer EV SUV and an autonomous multi-passenger shuttle known as the Cruise Origin.
GMC Hummer EV 2024 sport utility truck and GMC Hummer EV 2022 or SUT sport utility truck.
GM
Confirmation of the Silverado EV came a few days after the carmaker unveiled a new SUV version of its future GMC Hummer EV.
Earlier this year, the company also announced a new all-electric commercial vehicle division, called BrightDrop. It also announced plans to offer exclusively electric vehicles by 2035.
The new vehicles are part of GM’s plan to launch 30 new electric vehicles globally by 2025, under a $ 27 billion investment in electric and autonomous vehicles in the meantime. The company plans to sell at least 1 million electric vehicles annually by then.