Chinese Brands Are Taking Over Brazil — And It's Just Getting Started 
Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028 
U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
China's Factory-Gate Prices Rise for First Time in Over Three Years Amid Global Cost Pressures 
Chalco Stock Surges as Q1 2025 Profit Forecast Jumps Up to 58% 
Kia Cuts EV Sales Target for 2030 Amid Slowing Demand and U.S. Policy Shifts 
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses 
Gold Prices Rise on Weaker Dollar and Ceasefire Hopes 
TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave 
China's Inflation Data Misses Forecasts as Consumer Prices Slow in March 
White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets 
Trump Claims Oil Tankers Heading to U.S. Amid Iran War and Strait of Hormuz Crisis 
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions 
Middle East Conflict Threatens Global Economic Stability, World Bank Warns 
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.
