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General Motors plans 8,000 new tech hires to power EV goals

Published 01/26/2022, 04:15 PM
Updated 01/26/2022, 04:21 PM
© Reuters. FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021.REUTERS/Rebecca Cook/File Photo

(Reuters) - General Motors Co (NYSE:GM) said on Wednesday it would hire more than 8,000 new technical staff this year, as the U.S. automaker accelerates its development of electric vehicles and software-driven services.

The company said it is expanding teams that electrify cars, develop vehicle software and autonomous technology and engineer fuel cells.

GM's announcement comes just a day after the company unveiled a $7 billion investment plan in Michigan, mainly toward making full-size electric pickups, intensifying a battle with rival Ford Motor (NYSE:F) Co for EV supremacy in North America.

The automaker, which was dethroned as the U.S. sales leader in 2021 by Japanese rival Toyota Motor (NYSE:TM) Corp, plans to boost its North America EV production capacity to more than a million units by late 2025.

It will also have to contend with current EV leader Tesla (NASDAQ:TSLA), which will soon open a second U.S. plant in Austin, Texas, and is on pace to sell more than 1 million electric vehicles globally in 2022.

GM is also looking to expand its digital commerce footprint by launching an online used vehicle market called CarBravo.

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