Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Sierra EV joins General Motors' electric truck family in early 2024

Published 10/20/2022, 05:05 PM
Updated 10/20/2022, 05:10 PM
© Reuters. FILE PHOTO: General Motors shows a prototype of its 2024 GMC Sierra EV Denali Edition 1, which goes on sale in early 2024, in Royal Oak, Michigan, U.S., October 13, 2022. REUTERS/Paul Lienert
GM
-
F
-
TSLA
-

By Paul Lienert

(Reuters) - General Motors Co (NYSE:GM) on Thursday unveiled the latest addition to its growing family of full-size electric pickup trucks, the 2024 GMC Sierra EV.

The first version, due in early 2024, is the fully loaded Sierra EV Denali Edition 1, which will be built in limited numbers and priced from $107,000.

The Sierra EV is expected to compete with a variety of full-size electric pickups in North America, including Ford Motor (NYSE:F)'s F-150 Lightning and Rivian's R1T, as well as the Tesla (NASDAQ:TSLA) Cybertruck, which is slated to go into production next year.

Like its sister model, the Chevrolet Silverado EV, the four-door Sierra EV shares its Ultium battery pack with the GMC Hummer EV.

The high-end Sierra EV Denali Edition 1 boasts 754 horsepower and an estimated range of 400 miles. When the battery pack is depleted, a DC fast charger can add about 100 miles of range in 10 minutes, GM said.

© Reuters. FILE PHOTO: General Motors shows a prototype of its 2024 GMC Sierra EV Denali Edition 1, which goes on sale in early 2024, in Royal Oak, Michigan, U.S., October 13, 2022. REUTERS/Paul Lienert

GMC plans to introduce lower-priced AT4 and Elevation trim levels in early 2025 to the Sierra EV, which is being built initially at GM's Detroit-Hamtramck plant, with some models slated to roll out of the Orion Township plant north of Detroit in 2025.

The feature-laden Sierra EV Denali comes with an adaptive air suspension, a massive 16.8-inch center display, 14-inch multi-color head-up display, panoramic glass roof and Super Cruise hands-free driving assist.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.