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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.
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.
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]
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 is trimming its expected sales and production of all-electric vehicles this year, as U.S. adoption of EVs occurs slower than expected.. GM Chief Financial Officer Paul Jacobson said ...
Companies like GM , Mercedes , and Ford , among others, are currently going down the dedicated EV platform path, with Ford even pushing forward with an all-new smaller EV platform for use with a ...
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.
The supercar features an electric motor paired with a rear-mounted V8, giving it over 650 horsepower. ... Until recently, the heavy belief and investment in electric has weighed on GM's stock price.