BR100 Decreased By (-0.27%)
BR30 Decreased By (-0.6%)
KSE100 Decreased By (-0.52%)
KSE30 Decreased By (-0.77%)
BECO 5.84 Decreased By ▼ -0.19 (-3.15%)
BML 57.90 Increased By ▲ 5.15 (9.76%)
BOP 33.80 Decreased By ▼ -0.45 (-1.31%)
CNERGY 8.16 No Change ▼ 0.00 (0%)
DCL 11.79 Decreased By ▼ -0.55 (-4.46%)
FCCL 53.55 Decreased By ▼ -0.34 (-0.63%)
FCSC 5.45 Increased By ▲ 0.23 (4.41%)
FFL 17.86 Decreased By ▼ -0.17 (-0.94%)
FNEL 1.32 Increased By ▲ 0.02 (1.54%)
HUMNL 11.16 Increased By ▲ 0.16 (1.45%)
KEL 8.03 Decreased By ▼ -0.08 (-0.99%)
KOSM 5.46 Increased By ▲ 0.08 (1.49%)
MLCF 87.76 Decreased By ▼ -0.29 (-0.33%)
NBP 184.50 Decreased By ▼ -1.98 (-1.06%)
PACE 11.55 Increased By ▲ 0.83 (7.74%)
PAEL 40.22 Increased By ▲ 0.28 (0.7%)
PIAHCLA 26.16 Decreased By ▼ -0.01 (-0.04%)
PIBTL 17.20 Decreased By ▼ -0.12 (-0.69%)
PPL 229.00 Decreased By ▼ -3.78 (-1.62%)
PRL 34.40 Decreased By ▼ -0.55 (-1.57%)
PTC 67.40 Decreased By ▼ -0.16 (-0.24%)
SEARL 90.80 Decreased By ▼ -0.13 (-0.14%)
SSGC 26.80 Decreased By ▼ -0.37 (-1.36%)
TELE 8.54 Decreased By ▼ -0.03 (-0.35%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.28 Increased By ▲ 0.52 (5.94%)
TREET 24.44 Decreased By ▼ -0.10 (-0.41%)
TRG 71.85 Increased By ▲ 0.10 (0.14%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
By

WASHINGTON: US car maker General Motors announced Monday that it is developing an electric version of its Chevrolet Corvette.

“We will offer an electrified Corvette as early as next year,” said the Detroit-based auto manufacturer in a statement. “Details and names to come at a later date.”

“Yes, in addition to the amazing new Chevrolet Corvette Z06 and other gas-powered variants coming, we will offer an electrified and a fully electric” Corvette in the future, Mark Reuss, GM president said on the professional site LinkedIn.

The announcement comes as traditional automakers are in a race to produce more electric vehicles to compete with Tesla.

GM has set a goal of overtaking Tesla in electric vehicle sales, and to achieve that, it plans to invest $35 billion in electric and autonomous vehicles by 2025.

Although very popular with major manufacturers, electric vehicles currently only represent a small percentage of total car sales worldwide.

Canada to invest C$518 million toward GM’s two plants in Ontario

In the electric sector, GM collaborates with Japanese car maker Honda. At the beginning of April, they announced that they would co-develop a new line of electric vehicles at “affordable” prices, with production due to begin in 2027.

Comments

Comments are closed for this article.