The American company General Motors is going to spend 7 billion dollars or more than 8 kharba Nepali rupees on the production of electric vehicles. General Motors is set to surpass Tesla, which has so far invested heavily in electric car production and innovation.
General Motors' $7 billion investment in EV production has been called a historic investment. Till now, no car manufacturing company in the world has invested so much money at a time.
General Motors' historic investment is expected to boost global interest in electric cars.
Also Read: All Electric Scooters Price in Nepal 2021
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Informing about the new investment, General Motors CEO Mary Barra said, "General Motors wants to invest more in battery production and new EV products. It will help the company's innovation in brands like Hummer EV, Chevrolet EV, Cadillac EV. "
General Motors is working with LG Energy Solutions for the battery. In the next few months, the battery will be produced through the joint efforts of these two companies.
With this whopping electric investment, GM is highly speculated to overtake top EV players like Tesla which has always remained the hot topic in the EV market.
