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With the EV adoption in the U.S. being slower than anticipated, General Motors (NYSE: GM) revised this year’s expected EV sales and production, while being launching its newest EVs, including ...
General Motors revealed the Ultium battery and platform technologies during a week-long March 2020 event held at the General Motors Technical Center in Warren, Michigan; [7] GM chairwoman and CEO Mary Barra called it "a multi-brand, multi-segment EV strategy with economies of scale that rival our full-size truck business with much less complexity and even more flexibility". [8]
In 2022, GM retooled the CAMI Assembly plant in Ingersoll, Canada to the BrightDrop platform, to become General Motors Canada's first commercial electric vehicle manufacturing plant. GM stated that it invested $2 billion converting the plant to a state of the art EV manufacturing facility. [19]
Honda announced it would partner with General Motors to develop "next-generation" batteries in 2018. [3] The BEV3 architecture was first announced by GM in January 2019, [4] with Cadillac announced as the lead marque, [5] and BEV3 was officially detailed on March 4, 2020, during the GM EV Day briefing in Warren, Michigan, and supports Ultium batteries and Ultium Drive motors.
Despite the year of big-time cost-cutting, stock buybacks, and upside earnings surprises, GM's stock only trades on a 4.9 times forward price-to-earnings multiple, according to Yahoo Finance data ...
On July 23rd, General Motors (NYSE: GM) reported its second quarter financials, surpassing both top and bottom line estimates along with recording record revenues, which was largely owed to North ...
The Chevrolet BrightDrop, [3] [4] formerly the BrightDrop Zevo, is a battery electric delivery van produced by General Motors (GM). It was unveiled at the Consumer Electronics Show on 12 January 2021 under the BrightDrop brand, with production starting in December 2022.
GM stock jumps 7.8% on Q4 sales and profit beat, bullish 2024 profit outlook. ... EV growth. As for EV sales, GM suffered some hiccups in 2023 with its once-aggressive rollout, and some softness ...