Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data 
SK Hynix, Samsung Lead Asian Chip Stock Selloff After Sandisk, Western Digital Outlook 
Heineken H1 Operating Profit Meets Forecast as Beer Volumes Beat Expectations 
China Exports Beat July Forecasts as AI Demand Fuels High-Tech Trade 
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users 
Singapore Says One-Third of U.S. Exports Hit by New 12.5% Tariff 
Asian Stocks Slide as Semiconductor Selloff Weighs on South Korea and Japan 
Canada, US Hold Constructive Trade Talks as Tariff Negotiations Continue 
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Oil Prices Surge as Iran Hormuz Restrictions Renew Supply Fears 
China Trade Surplus Beats Forecasts in July as Exports Stay Strong 
Glencore Posts Strong H1 2026 Earnings, Announces ASX Secondary Listing 
Gold Prices Steady as Hormuz Tensions Fuel Fed Rate Concerns 
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
Gold Price Hits Seven-Week High as Fed Rate Hike Bets Fade and Hormuz Deal Hopes Grow 
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium 
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.
