Thailand Inflation Remains Negative for 10th Straight Month in January 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
General Motors revealed this week that it would be producing a fully electric version of its Chevrolet Corvette luxury sports car model. The company’s president, Mark Reuss, announced this plan through a post on LinkedIn.
His post includes a short video of the Corvette and said that the new hybrid model is coming soon. He did not mention any exact date but said the electric Corvette will be offered as early as 2023, and more details and names are coming at a later date.
“Some time ago we moved the Corvette team into the EV space in Warren, Michigan, and when we revealed the new mid-engine Corvette, I said there would be ‘more to come.’ This morning I sat down with Phil LeBeau of CNBC and finally answered the question I’ve been asked countless times,” Reuss wrote in his post.
He continued, “Yes, in addition to the amazing new Chevrolet Corvette Z06 and other gas-powered variants coming, we will offer an electrified and a fully electric, Ultium-based Corvette in the future.”
As per CNN Business, in the video that was also posted on Twitter, a hybrid Corvette has been shown, and the vehicle’s power was illustrated by showing the wheels spinning through the snow. Then again, it is not clear if General Motors is making the all-electric version of the car model in the clip, or it will be a completely different model.
BREAKING: An electrified #Corvette will be available as early as next year and a fully electric version to follow. Stay tuned for more. pic.twitter.com/6lDUWpOIZ2
— Chevrolet (@chevrolet) April 25, 2022
It was mentioned in the report that General Motors has long been rumored to build a Corvette with a hybrid system. But Reuss already hinted that the electrified version would be a new variant of the Chevrolet Corvette’s current generation.
As of this time, the sports car model is only available in the base Stingray variant fitted with a 6.2-liter V8 engine that produces up to 495 horsepower. There is also the Corvette Z06 with a 5.5-liter V8 and 670 horsepower that was introduced last fall.
At any rate, General Motors’ move to have its Chevrolet Corvette electrified is not surprising as the company has long announced its goal to shift to electric and only sell these types of vehicles by the year 2035.
