GM boosted its planned spending on electric and autonomous vehicles by 35 percent to $27 billion through 2025. Volkswagen committed $41.5 billion through 2025 just for battery-powered vehicles. Ford is spending $11.5 billion on EVs and hybrids through 2022. Hyundai and Kia are planning to spend a combined $43 billion through 2025 on EVs, purpose-built vehicles and other new technology. Upcoming models are focused on the most popular segments: crossovers, SUVs and pickups. The EV company run by Elon Musk — now the world's second-richest person — became the most valuable automaker by far, eclipsing longtime No. 1 Toyota by 150 percent at the start of December, on the back of five straight quarters of modest profits powered by selling emissions credits. The California company opened its first plant in China and started construction in Germany and Texas, and Tesla remains the fastest growing auto brand, in the U.S. as well as worldwide.

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