General Motors (GM) has confirmed that it will introduce an all-electric version of its Chevy Silverado pickup truck.

The announcement was made by GM President Mark Reuss in a statement on Tuesday, following the reveal of the GMC Hummer EV SUV on Sunday. Both electric vehicles will be built at GM’s Factory Zero assembly plant in Detroit and Hamtramck, Michigan.

In January 2020, the American automaker said it was investing a total of $2.2. billion in the facility that would build all-electric trucks and SUVS, renaming it Factory Zero as part of its multi-brand EV strategy. The electric multipassenger shuttle Cruise Origin will also be built at the 4.5 million-square-foot plant.

The news from GM comes as the company has made a commitment to deliver 1 million EVs globally by 2025. It also has a goal of taking a leadership position in the electric vehicle market in North America at the same time.

The company said it plans to introduce 30 EVs globally by the end of 2025, with more than two-thirds of those vehicles available in North American, representing the Cadillac, GMC, and Chevy brands in a series of price points.

GM also said its time to market for its EVs has been reduced by 50% to just 26 months using its Ultium Platform, which the electrified Chevy Silverado pickup truck utilizes. The truck will retain its full-size pickup design, but GM said it has been designed from the ground up to be an electric vehicle, “harnessing the best of the Ultium Platform and Silverado’s proven capability.”

The electric truck is expected to offer an estimated range of more than 400 miles on a full charge. It will also be configured in retail and fleet versions and feature a variety of options.

“The vehicles coming from Factory Zero will change the world, and how the world views electric vehicles,” Reuss said. “The GMC Hummer EV SUV joins its stablemate in the realm of true supertrucks, and Chevrolet will take everything Chevy’s loyal truck buyers love about Silverado — and more — and put it into an electric pickup that will delight retail and commercial customers alike.”

GM did not give any indication of what model year the all-electric Chevy Silverado would be slated for or when deliveries could be expected. It also did not provide towing capacity ratings, or horsepower range, or any other detailed specs for the trucks.

GM’s Hummer EV pickup truck is expected to be available for purchase this fall, with the Hummer EV SUV available in early 2023.

Shares of GM were trading at $62.61 as of 1:37 p.m. ET, up $1.57, or 2.57%.

2014 Chevrolet Silverado
A Chevrolet Silverado is pictured. General Motors