General Motors (NYSE: GM) confirmed on Tuesday what most electric-vehicle investors had suspected: A battery-electric version of the huge-selling Chevrolet Silverado pickup is on the way. At an event at GM's Factory ZERO, a Detroit-area plant that is being renovated to build electric vehicles, president Mark Reuss confirmed that the new electric Silverado will be offered in a variety of versions optimized for retail and fleet customers, and that GM expects it to have more than 400 miles of range. We know that production of the GMC Hummer electric SUV (above) will begin in late 2023. Will the Silverado, which will be built at the same factory, arrive before or after? Image source: General Motors. Like the upcoming GMC Hummer electric off-road pickup and SUV, the electric Silverado will be built on GM's new Ultium electric-vehicle architecture, using the batteries that GM has developed with longtime partner LG Chem. Like the two Hummers, the Silverado will be built at Factory ZERO. But Reuss didn't say when the new Silverado will arrive, and the company didn't share photos or even renderings of the new electric pickup, suggesting that its debut may be a long way off. The Hummer pickup is due to begin production late this year; its SUV sibling will follow in 2023 as a 2024 model. Whenever the new battery-powered Silverado arrives, it will face stiff competition: Archrival Ford Motor Company (NYSE: F) has said that it will begin production of a battery-electric version of its F-150 pickup in mid-2022; upstart Tesla (NASDAQ: TSLA) plans to begin production of its radical Cybertruck pickup by the end of 2021. 10 stocks we like better than General MotorsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and General Motors wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 John Rosevear owns shares of Ford and General Motors. The Motley Fool owns shares of and recommends Tesla. The Motley Fool has a disclosure policy.Source