General Motors is strategically restructuring its global manufacturing footprint, announcing plans to shift Buick Envision production from China to Kansas by 2028 and concluding its joint fuel cell venture with Honda before the end of 2026.
- GM will also discontinue the production of the Chevrolet Bolt in China within the next 18 months as part of its revised strategy.
- The end of the joint fuel cell production facility in Michigan allows Honda to focus on developing its own next-generation, in-house fuel cell systems.
- GM stock traded higher, closing at $81.85, representing a gain of 1.14% amid a broader market rally.