GM Announced Manufacturing of Chevy Silverado Electric Pickup Truck, Increases GM Stock Price To New Record

Just days after teasing the new Hummer EV SUV, automaker General Motors is preparing to build more electric pickup trucks, starting with a battery-powered version of the popular Chevy Silverado. The electric Silverado will go into production late next year at GM's Detroit-Hamtramck assembly plant. The Silverado EV will have a range of over 400 miles on a full payload, according to GM. GM plans to build the electric Silverado by boosting the automaker's stock to an all-time high on Tuesday. Shares of the automaker rose 1.5% to $ 61.94 per share, the highest level in more than a decade after GM emerged from bankruptcy following the 2008-09 recession .