GM Ventures has invested $10 million in materials science company Forge Nano, which makes Atomic Armor, an innovative EV battery technology.
Expand Expanding Close
In a significant milestone, GM officially sold more EVs and plug-in hybrid (PHEV) models in China than gas-powered cars for the first time. GM’s electrified models (EVs and PHEVs) accounted for 53% of sales in the third quarter as the company fights for a position in China’s intensifying auto market.
Expand Expanding Close
GM is the second best-selling EV brand in the US after topping Ford in the third quarter. With EV prices coming down, GM took a shot at its rival on Tuesday, saying it “doesn’t need a skunkworks team to create affordable EVs.”
Expand Expanding Close
GM is eyeing double-digit market share in the US EV market after sales surged 60% in Q3 compared to last year. With new models like the Chevy Blazer, Equinox, and Silverado EVs rolling out nationwide, GM looks to top rival Ford by the end of 2024.
Expand Expanding Close
After back-to-back record EV sales in July and August, GM is on the cusp of surpassing Ford this year. As new electric models like the Chevy Equinox and Blazer EVs hit the market, will GM overtake Ford in EV sales this year?
Expand Expanding Close
A GM electric car with Chinese EV batteries on US streets? That could soon be a possibility. GM is in talks to buy batteries from China’s CATL to be assembled at a new US plant.
Expand Expanding Close
GM’s new electric SUV has been officially certified to launch in Korea. The Chevy Equinox EV will fight for a position against Hyundai’s IONIQ 5 on its home turf.
Expand Expanding Close
Chevy is expanding its EV portfolio with electric commercial vans. GM announced it’s moving BrightDrop under the Chevrolet brand. The move comes after rival Ford revealed plans for a new “digitally advanced” commercial EV van as part of its shifting electrified strategy.
Expand Expanding Close
After beating top and bottom line estimates in the second quarter, General Motors (GM) raised FY guidance for 2024. With “encouraging” early sales results in Q2, GM is preparing “to unleash the next cycle of EV growth.” This includes scaling Chevy Equinox EV production while launching new GMC and Cadillac EVs.
Expand Expanding Close
“America’s most affordable 315+ mile range EV” is getting even cheaper. Chevy’s new all-electric Equinox is already due for its next model year. The Chevy Equinox EV is getting slightly more power, along with the promised $35,000 variant arriving in 2025.
Expand Expanding Close
GM broke Q2 and first-half EV sales records with new models like the Chevy Blazer and Equinox EVs hitting the market. However, GM’s new electric cars were not the only ones driving growth, as sales of the Cadillac Lyriq and GMC Hummer EVs also surged.
Expand Expanding Close
General Motors does not expect to build as many electric cars as initially planned this year. On Tuesday, CFO Paul Jacobson announced GM aims to build 200K to 250K EVs in 2024, down from its previous target of 200K to 300K, citing slower-than-expected EV demand in the US.
Expand Expanding Close
American automakers Ford and GM do not agree on where hybrids will be in the future. Ford’s CEO says hybrids should stop being talked about as “transitional,” while GM’s leader claims the tech is “not the end game” as it’s not zero-emission.
Expand Expanding Close
As the race to launch low-cost electric models heats up, GM believes it has the answer. GM’s new North American president said the upcoming next-gen Chevy Bolt EV will be “the most affordable vehicle on the market by 2025.”
Expand Expanding Close
GM had its fair share of EV hurdles last year, leading to disappointing sales. However, CEO Mary Barra says those bottlenecks are a thing of the past as new models like the Chevy Equinox, Blazer, and Silverado EVs hit the market.
Expand Expanding Close
An affordable Chevy Camaro EV? That could become a reality. GM President Mark Reuss says the Camaro needs to be revived as a real pony car, hinting it could start at $35,000, similar to the new Equinox EV.
Expand Expanding Close
Chevy Malibu production will end later this year as GM prepares to launch new EVs, including the highly anticipated new Bolt EV.
Expand Expanding Close
Chevy is offering a $4,000 discount for owners and lessees of Teslas and other EVs for the 2024 Blazer EV but with some quirky conditions.
Expand Expanding Close
After losing EV market share in the US in the first three months of 2024, GM believes it can turn things around. GM expects new models like the Chevy Equinox EV and improved battery production will help regain EV market share in the second half of the year.
Expand Expanding Close
Amid an intense price war and lost market share to BYD and Tesla, China’s state-owned automaker SAIC Motor is reportedly making drastic job cuts this year at its joint ventures with General Motors and Volkswagen and at its EV unit – with mass layoffs a rare move for a China-owned company.
Expand Expanding Close
General Motors (GM) is reportedly in talks with battery giant CATL to license its cheaper LFP battery tech. The plans could include a new joint North American plant to produce the new batteries.
Expand Expanding Close
General Motors (GM) looks to get back on track this year as executives believe EV “production hell” is behind it. After missing EV sales targets for the past two years, will 2024 be the year of execution, as GM says it will?
Expand Expanding Close
The Chevy Blazer EV stop-sale finally ended Friday after almost three months. With drastically lower starting prices, the Blazer EV now starts at just over $50,000 and qualifies for the full $7,500 federal tax credit.
Expand Expanding Close
The next-gen Chevy Bolt EV is due out next year after GM ended production of its top-selling electric model at the end of 2023. GM’s CFO Paul Jacobson says the new Bolt EV will save the company billions by becoming North America’s first Ultium-based model to use LFP batteries.
Expand Expanding Close