GM’s South Korea unit makes about 600,000 automobiles yearly, delivery many to the United States, together with the favored Chevrolet Trailblazer SUV, and employs about 12,000 individuals.
see picturesInternational Operations Head – Steven Kiefer stated GM has no plans to make EVs within the nation but
General Motors Co. will launch 10 electrical automobiles (EVs) in South Korea by 2025, however has no plans but to fabricate EVs within the nation, GM’s head of worldwide operations Steven Kiefer stated Friday.
1 US automaker, which final yr warned that continued industrial motion was stopping additional funding in South Korea, makes EVs within the United States and China. There are additionally plans to construct it in Mexico and Canada.
Kiefer’s go to sparked hypothesis in native media after a Korean labor union delegation visited Detroit in June that he may announce new EV manufacturing plans.
“We are yet to announce any plans for producing electric vehicles in the country, so stay tuned for that,” Kiefer stated at a media briefing.
GM’s South Korea unit makes about 600,000 automobiles yearly, delivery many to the United States, together with the favored Chevrolet Trailblazer SUV, and employs about 12,000 individuals. It reported an working lack of 309 billion gained ($262 million) final yr.
In October, GM stated that LG models had agreed to reimburse $2 billion in estimated prices and bills related to the recall of Bolt EVs.
When requested concerning the influence of chip shortages at GM Korea’s crops, GM Korea chief govt Kahar Kazem stated that manufacturing volumes within the nation had been down about 25% this yr in comparison with final yr, however chip shortages had been much less. It appeared to occur.
Kiefer additionally stated that GM’s partnership with South Korean battery maker LG Energy Solutions was “very bright.”
“Obviously there’s going to be a need for more (battery) capacity, so stay tuned for some additional announcements,” he stated.
GM and LG Energy Solutions are constructing two battery cell manufacturing crops within the United States with a mixed annual era capability of about 70 gigawatt hours, which may energy about 1 million EVs.
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In October, GM stated that LG models had agreed to reimburse $2 billion in estimated prices and bills related to the recall of Bolt EVs.
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With inputs from NDTV
