GeneralMotors Co. Provides Update on Strategy to Grow Sales of Electric Vehicles

Published on: 06 Mar, 2020

General Motors Co. (NYSE: GM) shared details this week regarding its strategy to grow the company’s electric vehicle (EV) sales quickly, efficiently and profitably.

“Our team accepted the challenge to transform product development at GM and position our company for an all-electric future,” said Mary Barra, GM chairman and CEO. “What we have done is build 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.”

The heart of GM’s strategy is a modular propulsion system and a highly flexible, third-generation global EV platform powered by proprietary Ultium batteries. They will allow the company to compete for nearly every customer in the market today, whether they are looking for affordable transportation, a luxury experience, work trucks or a high-performance machine.

“Thousands of GM scientists, engineers and designers are working to execute an historic reinvention of the company,” said GM President Mark Reuss. “They are on the cusp of delivering a profitable EV business that can satisfy millions of customers.”

Ultium Batteries and Propulsion System Highlights:

  • GM’s new Ultium batteries are unique in the industry because the large-format, pouch-style cells can be stacked vertically or horizontally inside the battery pack. This allows engineers to optimize battery energy storage and layout for each vehicle design.
  • Ultium energy options range from 50 to 200 kWh, which could enable a GM-estimated range up to 400 miles or more on a full charge with 0 to 60 mph acceleration as low as 3 seconds. Motors designed in-house will support front-wheel drive, rear-wheel drive, all-wheel drive and performance all-wheel drive applications.
  • Ultium-powered EVs are designed for Level 2 and DC fast charging. Most will have 400-volt battery packs and up to 200 kW fast-charging capability while our truck platform will have 800-volt battery packs and 350 kW fast-charging capability.

Ratings

Ratings
  • 4444Views
  • 6Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

Danny Abramov

Email: danny@financialinsiders.com

@Newsletter

Sign Up for Weekly Updates

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!

Related Posts

23 Jun, 2017 3226
14 Aug, 2017 2938
15 Aug, 2017 51821
01 Sep, 2017 4432

6 Comments

offindimb

Jun 30, 2020 at 09 54 am

Zithromax Azithromycin Dosage https://agenericcialise.com/ - safe cialis online 1.25 Mg Propecia Finasteride Generic Cialis Propecia Hjalper Inte

REPLY (0)

where to buy cialis cheap

Jul 22, 2020 at 01 16 am

Buy Dyazide GEARSEEXED https://bbuycialisss.com/# - Cialis Fahantenda Cialis Come Acquistare Farmacia peance non prescription cialis online pharmacy Enulty Generic Propecia 5mg Prescription

REPLY (0)

uticuouro

Jun 03, 2021 at 09 03 am

cialis cheapest online prices

REPLY (0)

uticuouro

Jun 19, 2021 at 02 06 am

cialis price

REPLY (0)

uticuouro

Jul 06, 2021 at 04 32 am

discount non prescription generic lasix

REPLY (0)

uticuouro

Jul 23, 2021 at 04 48 pm

cheapest cialis online

REPLY (0)