DETROIT – General Motors begins shipping its GMC Hummer EV pickup truck to customers, marking a major milestone for the automaker and its next-generation electric vehicles.
The new truck is the first to integrate that of the Detroit automaker Ultium platform, Engines and batteries, all of which GM developed in-house and will serve as the basis for dozens of new electric vehicles in the years to come.
“We are very happy for our customers,” said GM President Mark Reuss on Friday during an interview with Phil LeBeau of CNBC during the “Quack on the street.”
GM is investing around $ 30 billion in the production and development of electric vehicles like the Hummer Pickup and an upcoming SUV variant of the vehicle by 2025. The company also confirmed the first deliveries of a new electric vehicle on Friday commercial delivery truck to FedEx.
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced a massive $ 2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs.
Photo by Jeffrey Sauger for General Motors
The first series Hummer EV was auctioned for $ 2.5 million, with proceeds going to the Tunnel to Towers Foundation, an organization set up to commemorate first responder Stephen Siller on September 11th.
GM’s shares fell about 7% Friday morning after the company announced the abrupt departure on Thursday afternoon by Dan Ammann, CEO of the majority-owned autonomous vehicle unit Cruise. The stock closed at $ 55.16 per share on Friday, down 5.5%.
GM hasn’t confirmed how many reservations it has received for the Hummer EV pickup, which will initially be selling a special “Edition 1” version for about $ 113,000 before cheaper versions go into production. The company previously announced that reservations for the new Hummer will be fully booked until next year.
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Reuss said the company plans to build around 1,200 “Edition 1” Hummers before switching to cheaper variants. He said GM has around 17 of these vehicles ready to be shipped to customers.
“They were sold out here in no time,” said Reuss on Friday.
The Hummer EV is the second all-electric pickup truck to break into the untested but still emerging segment. It follows the R1T from EV startup Rivian, which began building the vehicle at a factory in Illinois in September.
The two pickups are expected to be the first of a handful of new electric pickups in the years to come. They should be followed by one in the next year Electric version of the Ford F-150 in spring and Tesla’s cybertruck At the end of next year. GM has also confirmed that electric pickups will be launched for its Chevrolet and GMC brands in the coming years.