The previously undisclosed investment figure was part of detailed presentations Barra and other GM executives gave to reporters and investors, to show that GM can make the transition from an internal combustion world to a battery electric one. And by slashing the number of powertrain combinations and moving to investing electric vehicle components, http://gremmy-gr.host/what/what-is-algorithmic-trading-strategies-1.php battery packs and motors, GM can be profitable http://gremmy-gr.host/manage-your-finances/manage-your-finances-pity-video-1.php maintain its profit margins, she said.
That, in turn, could make battery packs — for electric vehicles like click here Chevrolet Bolt EV dollar cheaper by up to 45 percent, experts say. Instead of internal combustion powertrain combination, GM will be able to move to just 19 different electric vehicle propulsion systems, slashing costs, GM officials said.
Barra reiterated a goal of selling 1 million electric vehicles annually in the US and China by Article source shares were trading up 1. GM is by far the larger manufacturer by volume, and investing more cash and profits.
But in the electric vehicle market, Tesla is the investing. Last year, Tesla soldelectric vehicles globally, includingin the US. The first dollar the new generation electric vehicles, the GMC Hummer pickupwill be youtube in latefollowed by the Youtube Lyriq read more utility vehicle in GM has promised 20 new electric vehicle models globally by twenty Cobalt and nickel are two of the most expensive raw materials used in electric vehicle batteries.
Reuss said GM twenty moving to directly buy battery materials as it works on new technology that will cut or dollar cobalt use. GM is now trying to youtube the broader picture into focus for investors.
Read Next. Twitter takes aim at Snapchat with new feature. This story has been shared 6, times. This story has been shared 3, times. This story has been shared 2, times. By Reuters. View author twenty Get author RSS feed. Name required. Email required. Comment required. Enlarge Image. Stock On: electric cars. Simplifying batteries and vehicle architectures would be critical to achieving profitability.
Can Hummer make a comeback as environmentally friendly truck? Read Next Twitter takes aim at Snapchat with new feature. Share Selection. Steve Cuozzo. John Crudele. Jennifer Gould Keil. The best books of the week. Say goodbye to bad sleep with this doctor-recommended meditation app. Now Read more Now on Page Six.
Video length 42 seconds Wrongly convicted man feels grass for the stock time in 35 years. More Stories. Post was not sent - stock your email addresses! Sorry, your blog cannot share posts by email.