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GM offloads its stake in EV battery factory
What does GM’s decision to sell its battery plant stake reveal about EV demand?
Patrick Anderson the Principal and CEO of Anderson Economic Group explains market realities that are shifting the auto industry’s strategies.
GM Sells Part of EV Battery Plant. Focus on the Cash.
It underscores that GM is focused on capital efficiency. “Our EV profitability is rapidly improving thanks in part to our str
GM offloads its stake in EV battery factory to joint venture partner LGES
General Motors is selling its stake in the nearly completed Ultium Cells battery cell plant in Lansing, Michigan, to its joint venture partner LG Energy
EVgo, GM
GM and EVgo now have over 2,000 EV charging stalls and counting
General Motors and EV charging company EVgo announced that they’ve installed their 2,000th public EV charging stall, in Murrieta, California. With that, GM has met a deadline it set in September to have the bulk of its planned 2,850 DC fast-charging stalls set up by the end of this year.
GM Energy And EVgo Install 2,000th DC Fast Charging Stall In The U.S.
GM Energy and EVgo are working together to reduce range anxiety by quickly growing their network of fast charging stations across North America.
EVgo And GM Double Public Fast Charging Stalls In US
EVgo, Inc. (EVGO), a DC fast charging network provider for electric vehicles, in partnership with General Motors (GM), an automobile
China, GM
GM sees $5 billion impact from restructuring in China
GM’s CEO Mary Barra told Fortune in October that China’s EV price war “has become a race to the bottom with pricing and the level of subsidies.” Barra explained that low-cost loans enable some companies to sell cars at a loss, which puts pressure on foreign automakers like GM.
GM to take more than $5 billion in charges on China operations
General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.
Losses in China lead to $5-billion charge for General Motors
The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge.
1d
on MSN
GM to Exit Michigan EV Battery Plant
The automaker plans to sell its stake to joint-venture partner LG Energy, the latest pullback in its electric-car investments ...
GM Authority
5h
GM Didn’t Need Third Ultium Cells Battery Plant, CFO Paul Jacobson Says
GM CFO Paul Jacobson has commented on the automaker's decision to sell off its stake in a third U.S. Ultium Cells EV battery ...
14h
GM is struggling so much in China, it had to announce massive charges to fix its business
China, once GM’s largest and most important market, has become its biggest problem. General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 ...
Cars
19h
2024 GMC Hummer EV SUV Review: (4) Tons of Fun!
It feels irresponsible to love something this big, inefficient, expensive and vulgar, but we can’t help falling for the GMC ...
motor1.com on MSN
7h
We’re Driving the Cheapest Chevy Equinox EV: What Do You Want to Know?
We’ve got the 319-mile, $34,995 Equinox for the week. Is this good enough to convince people out of their gas-powered cars?
8h
on MSN
The Honda Prologue Is On A Roll After Becoming GM’s Best-Selling EV In Q3
The electric Prologue set a new monthly sales record in November, delivering 6,823 units and bringing its total for the year ...
24/7 Wall St. on MSN
1d
GM’s Rapid Retreat From EV Market Gains Speed
Key Points General Motors Co. (NYSE: GM) has pulled out of one of its largest EV initiatives. GM saves some money now, but ...
1d
Why GM could suffer under Trump policies to ‘save’ Detroit automakers
It might seem like U.S. President-elect Donald Trump’s plan to gut automotive emissions restrictions and fuel-efficiency ...
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