With focus on China and reducing battery costs at scale, GM intends to be profitable on EVs by 2021
With the relative success of its Chevy Bolt EV and the hunger for EVs in China, GM is one of the few big automakers actually trying to build a business around electric vehicles. CEO Mary Barra has committed separately to 5 crossovers, 2 minivans, 7 SUVs and 10 new electric vehicles by the end of the decade in China. But with the Bolt EV reportedly losing up to $9000 per vehicle initially, how does the company get to real profitability with these vehicles?