It will invest $35 billion before 2025 in electric and autonomous vehicles and launch more than 30 EVs globally.

GM CEO Mary Barra said: “GM’s vision of a world with zero crashes, zero emissions and zero congestion has placed us ahead of much of the competition in electrification, software-enabled services and autonomy.

“Our early investments in these growth trends have transformed GM from automaker to platform innovator, with customers at the centre. GM will use its hardware and software platforms to innovate and improve their daily experience, leading everybody on the journey to an all-electric future.”

More than half of the group’s North America and China manufacturing will be capable of EV production by 2030, and its US facilities will be 100% powered by renewable energy by 2025.

General Motors sells vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands.