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

US-based automaker General Motors (GM) plans to invest $800mn for the retooling of its CAMI plant in Ingersoll, Canada to produce the newly announced BrightDrop EV600. 

 

On Jan 12, GM unveiled BrightDrop as a new brand under its umbrella, which will produce electric light commercial vehicles (E-LCV). Deliveries are expected to start in late 2021. BrightDrop will use GM’s Ultium battery packs and the EP1 software platform specialized in fleet management.

 

The investment in the CAMI plant will shift GM’s focus from producing pickup trucks, such as the Chevy Equinox, to E-LCV production. The plant is capable of producing close to 40,000 pick-up trucks per year at present. The increase in production capacity was not disclosed by GM.

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