It's a good read . Hold long
https://www.*********.com.au/2021/06/18/gms-electric-pivot-goes-into-overdrive/
On Wednesday of this week GM revealed plans to boost spending on electric and autonomous vehicles, brought forward plans to build two battery plants in the US and forecast stronger-than-expected second-quarter profits.
The automaker said it will now spend $US35 billion through 2025 on EVs, an increase of 75% from its March 2020 estimate before the COVID-19 pandemic shut down the industry.
Wednesday’s announcement is the second time the carmaker has increased its EV budget since outlining its goals early last year. In November, the budget increased to $US27 billion from $US20 billion.
GM’s news came less than a month after US rival, Ford lifted its EV spending plans by more than a third to over $US30 billion by 2030.
Ann: HWK TO SPIN-OUT HIGH GRADE GOLD AND GOLD-COPPER PROJECTS, page-121
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