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General Motors Company (NYSE:GM) announced plans to invest US$7bn in four sites in Michigan, aimed at boosting its electric pick-up truck capacity as it competes with Tesla Inc (NASDAQ:TSLA) and Ford Motor Company (NYSE:F) for top spot in the electric vehicle (EV) market. The investment, the largest in the automaker’s history, will significantly increase battery cell and electric truck manufacturing capacity, while creating 4,000 new jobs and retaining another 1,000, GM said in a statement.
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