DETROIT – Common Motors is starting to ship its GMC Hummer EV pickup to prospects, marking a significant milestone for the automaker and its next-generation electrical autos.

The brand new truck is the primary to include the Detroit automaker’s Ultium platform, motors and batteries, all of which GM developed in-house and plans to make use of as the muse for dozens of latest electrical autos within the coming years.

“We’re very excited for our prospects,” GM President Mark Reuss mentioned Friday throughout an interview with CNBC’s Phil LeBeau throughout “Squawk on the Avenue.”

GM is investing about $30 billion into the manufacturing and improvement of electrical autos such because the Hummer pickup and an upcoming SUV variant of the automobile by means of 2025. The corporate on Friday additionally confirmed the primary deliveries of a brand new electrical industrial supply van to FedEx.

The primary manufacturing Hummer EV was auctioned for $2.5 million with proceeds benefiting the Tunnel to Towers Basis, a corporation established to honor the reminiscence of Sept. 11 first responder Stephen Siller.

Shares of GM have been down Friday morning by almost 7% following the corporate asserting the abrupt departure Thursday of Dan Ammann, CEO of its majority-owned autonomous automobile unit Cruise.

GM has not confirmed what number of reservations it has acquired for the Hummer EV pickup, which is able to initially begin at about $113,000 earlier than lower-priced variations enter manufacturing. The corporate has beforehand mentioned reservations for the brand new Hummer are absolutely booked by means of the following yr.

The Hummer EV is the second all-electric pickup to enter the unproven, but, rising phase. It follows the R1T from EV start-up Rivian, which began constructing the automobile at a manufacturing unit in Illinois in September.

The 2 pickups are anticipated to be the primary of a handful of latest electrical pickups within the coming years. They’re anticipated to be adopted subsequent yr by an electrical model of the Ford F-150 within the spring and Tesla’s Cybertruck late subsequent yr. GM additionally has confirmed electrical pickups for its Chevrolet and GMC manufacturers are coming within the years forward.