General Motors Co. will make a new set of premium electric pickup trucks and SUVs at its Detroit-Hamtramck plant from late 2021, Reuters reported Oct. 18, citing people familiar with the matter.
The company reportedly plans to start producing an electric pickup in low-volume by late 2021, following which it will introduce a performance variant of the pickup in 2022. General Motors will also make an electric SUV under the same new brand in 2023.
In addition, the company will make an electric pickup for GMC and an electric SUV for Cadillac by 2023, according to the news agency.
The new electric vehicles will be produced under the company's so-called BT1 electric truck/SUV program, Reuters said, adding that the Hummer name is "under consideration" for the new brand.
General Motors reportedly expects to make about 80,000 electric vehicles annually once the plant reaches full production in 2024.
As per the proposed labor agreement between the United Auto Workers union and General Motors, the carmaker reportedly will invest $7.7 billion in its U.S. plants over the next four years. The investment includes $3 billion for the Detroit-Hamtramck plant.
According to Reuters, the new pickups and SUVs in the BT1 program will use a new dedicated electric vehicle architecture that includes a "skateboard" chassis to pack the electric motor and batteries.
General Motors also reportedly has plans to open a battery plant near its closed Lordstown, Ohio, factory through a joint venture, which will form part of the company's $1.3 billion investment in non-GM plants in the U.S., also over the next four years.
The Detroit-based automaker did not immediately respond to S&P Global Market Intelligence's request for comment.
Meanwhile, General Motors also halted production of its Chevy Blazer SUV in Mexico temporarily because of a parts shortage due to the strike by the company's employees.
The more than month long strike will continue until the agreement between UAW and General Motors is ratified.