General Motors has just announced the progress of its ambitious global future growth strategy, reaffirming its commitment to deploying its zero-emission and autonomous technologies worldwide to build more sustainable conditions on the planet.
The automaker is investing more than $35 billion in electric and autonomous vehicle technology to lead the future of mobility around the world, while building global partnerships to expand the international reach of its growing EV product portfolio with multiple body styles and price ranges.
“We are moving forward with our blueprint for a zero-emission, all-electric future,” said GM Senior Vice President and President of GM International, Shilpan Amin, in an official statement. “GM is moving faster than ever and we are fully focused on bringing our new technologies to consumers around the world,” he added.
In addition to rolling out the new electric powertrain in North America and China, GM has already announced plans to introduce EVs based on Ultium battery technology and Ultium Drive motors in markets such as South Korea, the Middle East and South America. These additional markets will increase the company’s global volume and allow it to compete against the global electric vehicle leaders, but with greater scale.
“Our international markets are well positioned to bring global scale to GM’s growth investments, benefitting our planet and our communities in the process,” said Amin. “There is a strong demand for these products in the international markets, customers are really looking forward to buying our EVs. We have the talent, the investments and strong financial and commercial momentum to leverage opportunities around the world.”
GM’s global strategy for future growth involves introducing the company’s brands to more regions of the world, taking advantage of the unique opportunities provided by the massive deployment of EV technology and favorable legislation that will completely transform the business of the automotive industry. As such, the manufacturer is refining plans and strategies to diversify its business in regions such as South America and Europe.