General Motors Debuts Electric Hummer Pickup, GM Stock Closes at Record…

The Edition 1 model of GM electric Hummer pickup will be available in fall 2021. Its price starts at $112,595. The reservation for the truck is already full.   

On Tuesday, one of the largest US vehicle corporations General Motors (NYSE: GM) introduced its Hummer EV electric pickup truck. Besides, the company announced more than $2 billion in investments to support electric vehicles in the U.S. Following the news, GM stock reached a new 2020 record, closing 4.58% up at $37.41 per share yesterday. After hours, it added another 0.70% to $37.67.

GMC Hummer Electric Pickup Truck: the World’s First Super Truck

General Motors positions its novel truck as the world’s first super truck with around 1000 horsepower and 11,500 lb-ft of torque. With three electric motors, it is said to be capable of 60 mph in three seconds while offering a range of up to 400 miles.

As for the design, General Motors said the cabin is “a combination of innovation and luxury in mind”. Unusual H-shaped headlight elements have replaced the round units found on off-roaders, with a full-width LED light bar bearing the Hummer wordmark. Design elements are infused with signature cues, beginning with six vertical grille bars, a low-turret roof profile, and an upright windshield, while finishing strong with unique signature taillamps.

Other truck’s features include adrenaline mode, crab mode with rear steering wheels, ultium battery, superfast charging, next-generation Super Cruise. Further, the truck will have an infinity roof, modular sky panels, as well as ultra-vision cameras.

The Edition 1 model of GM electric Hummer pickup will be available in fall 2021. Its price starts at $112,595. Notably, there is no real electric pickup truck yet, as it is still one year away. However, General Motors says the reservation for the truck is already full.

General Motors was planning to reveal its Hummer EV truck back in May. But because of the COVID-19 pandemic, it delayed the event.

General Motors Bet on Electric Vehicles

Earlier, General Motors announced it would invest more than $2 billion in its Spring Hill factory so it can begin building electric vehicles. Between 2020 and 2025, the company is planning to allocate $20 billion to expand its EV manufacturing activities.

GM CEO Mary Barra said:

“We are committed to investing in the U.S., our employees and our communities. These investments underscore the success of our vehicles today, and our vision of an all-electric future.”

The upcoming Hummer EV is in part a response to Tesla‘s (NASDAQ: TSLA) Cybertruck that comes with one, two, and three electric motors. Along with available all-wheel drive, the Cybertruck can tow up to 14,000 pounds and has an estimated driving range of 500-plus miles. The cheapest model starts at $39,900.

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