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Benzinga
Benzinga
Business
Shanthi Rexaline

GM To Invest $7B In Michigan To Support Goal Of Wresting EV Leadership From Tesla By 2025

GM Tesla Inc. Michigan NYSE Lansing United States

General Motors Corporation (NYSE:GM) has committed additional investment to further its electric vehicle push as it plays catch-up with the incumbents.

What Happened: GM said Tuesday it is investing more than $7 billion in four Michigan manufacturing sites. The company termed this as the single largest investment in its history.

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