May 17, 2021

GM shares hit new record in electric Chevy Silverdo pickup plans

The new 2019 Chevrolet Silverado 1500 officially debuted at the North American International Auto Show on January 13, 2018 in Detroit, Michigan.

Phil Pacliano | Getty Images

DETROIT – Stocks General Motors Reached a new record during intraday trading on Tuesday All-electric Chevrolet Silverdo pickup At an assembly plant for EVs under construction in Detroit.

GM’s stock rose 3.9% to $ 63.44 on Tuesday – the automaker’s previous intraday high of $ 62.24 reached last month. Shares of GM have been trading since the automaker went bankrupt in 2009.

Shares of the company traded up Tuesday afternoon. Traded at 62.20, an increase of about 2%. So far this year the stock has risen about 50%. GM’s market cap is around $ 90 billion.

The performance of GM’s shares this year is driven by a series of announcements regarding electric vehicles. It also checks the comments made last month by GM CEO Mary Barra on the future potential of the shares.

“When the market begins to look at all the assets and resources that General Motors is bringing to this transformation, we wonder where you will see GM’s stock moves,” she said during an online discussion on March 11 at The Economic Club of New York’s Women in Business event.

Electric Silverdo is a previously announced area 2 2.2 billion investment At the plant that will manufacture its next-generation line of EVs with the all-electric GMC Hummer pickup later this year. Includes other vehicles planned for convenience Recently released Hummer EV SUV and a Autonomous multi-passenger spacecraft Called the cruise origin.

2024 GMC Hummer EV SUV and 2022 GMC Hummer EV sports utility truck, or SUD.


Confirmation of the Silverdo EV came a few days after the automaker Has released the new SUV version Its upcoming GMC Hummer EV

Earlier this year, the company announced a new all-electric commercial vehicle division Bright Drop. It also announced plans Offer electric vehicles exclusively By 2035.

GM to launch 30 new EVs worldwide by 2025 Is part of the project A billion 27 billion investment In electric and autonomous vehicles during that period. By then, the company plans to sell at least 1 million EVs a year.