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Along with the recent relaunch of Chevrolet Blazer EV after software issues got sorted out, these two EVs, both built on GM’s Ultium EV platform, are crucial for the Detroit automaker’s EV growth.
Ford Motor has leaned into selling hybrid vehicles, while General Motors has focused on battery-powered models after investing more up front into building its own EV platform. GM will start ...
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 ...
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]
GM is still targeting $280 billion in total sales by 2030 — more than double that of 2021 sales — in part due to expectations around EVs. "We still believe in an all-electric future," Barra said.
The GM BT1 platform, marketed under Ultium branding, is a dedicated electric vehicle architecture or platform developed by General Motors (GM). It underpins electric full-size pickup trucks and SUVs sold by GM, using battery and motor technology developed under its Ultium program; these are shared with third-generation GM electric vehicles on the BEV3 platform.
Last year, GM took a risky approach to this shift, flooding the zone with more EV offerings aimed at average customers, while its competitors pulled back. In the end, GM fell just short of its ...
The GM BEV2 platform is an automotive platform made by General Motors designed specifically for small electric vehicles. Multiple divisions of the LG Corporation have been instrumental in construction in addition to GM's contributions to the platform.