Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

US automaker General Motors (GM) plans to build its first electric pickup truck, the Chevrolet Silverado EV, at its Factory Zero location in Detroit-Hamtramck, Michigan. 


The electric pickup will be based on GM’s Ultium platform which it also uses for the Hummer EV. The plant is capable of producing about 230,000 units per year. Previously, GM said that it plans to sell one million EVs globally by 2025. For this purpose, it will invest around $2.2bn in the facility.


GM reported a 4pc increase in its Q1 2021 sales to 642,250 units, compared to the same period last year. The Silverado (internal combustion variant) was one of the best-selling models, with sales up by 155pc during the same period under consideration. 

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