General Motors (GM)

General Motors (GM) believes it has the manufacturing capacity within its existing network as the transition to EVs heats up. The automaker does not plan to close or open new plants as it looks to maximize efficiency within its current footprint.

A new EV not based on GM’s Ultium Platform? The automaker shared its “Proxima” EV design concept based on a new architecture designed for the future generation of electric models in China.

General Motors is launching the 2024 Chevy Equinox EV this fall, what it calls “an affordable game-changer,” with a starting price of around $30,000. Ahead of its official launch, the electric SUV was spotted rolling off GM’s production line at its Ramos Arizpe plant in Mexico.

GM CEO Mary Barra says that she doesn’t see profitable electric cars in the $30,000 to $40,000 range until the end of the decade or “maybe even later.”

Here’s why she is wrong and why it doesn’t even matter.

General Motors (GM) and South Korean advanced EV battery materials company Posco Future M revealed an additional investment in its new cathode factory in Ontario, Canada, now exceeding $1 billion.

GM just announced the Cadillac Escalade IQ EV, which is a huge deal in automotive circles and comes coincidentally while Ford is having its Capital Markets Day announcing its own 3 row EVs.

Ford (F) and General Motors (GM) are gearing up for likely the biggest transformation the auto industry has ever seen. With electric vehicles expected to continue replacing ICE vehicle sales at a record pace, both automakers are striving to boost production significantly by middecade. Will GM and Ford hit their EV targets? Let’s see what analysts have to say.

GM announced that the Chevrolet Silverado EV WT electric pickup will have 450 miles of range on a single charge – significantly higher than expected.

It is still planned for this spring.

As new, advanced EVs take over the auto market in China, legacy automakers, including Volkswagen, General Motors, Toyota, BMW, Honda, and Mercedes Benz, will all lose significant market share, according to a new Greenpeace report.

The legacy automakers, who once dominated the market in China, are now at risk of losing their positions to domestic EV makers in the region.

On Wednesday, General Motors launched its newest business unit, GM Envolve. The goal is to utilize all aspects of GM to create a new, all-in-one user experience enabling commercial and fleet customers to transition to electric seamlessly.

General Motors has been building up its resources and capabilities for an all-electric future. With a vast lineup of fully electric vehicles, GM plans to spearhead its return to Europe as an EV-only brand.

General Motors (GM), through its joint venture, SGMW, began sales of its Wuling Bingo on March 29 with a starting price of 59,800 yuan ($8,500). After only a month, SGMW revealed 16,383 Bingo deliveries as the automaker continues to gain market share in China’s booming EV sector.

General Motors (GM) is preparing to launch its new Silverado EV later this year with plans to build a $200 million electric vehicle parts plant. The new parts plant will support the production of GM’s new electric truck, which is expected to ramp up in the second half of the year.

Electric propulsion specialist Pure Watercraft has officially shared the final design of its Pure Pontoon Boat – the company’s first vessel designed in house. Powered by EV batteries provided by minority stakeholder GM, this first crack at an electric pontoon boat could appeal to many consumers interested in quiet cruises without emissions.

After a solid start to the year, General Motors is raising its earnings and cash flow expectations for 2023. GM is gearing up for a breakout year with several highly anticipated EV launches planned across some of the most popular auto segments.

GM – along with its earnings announcement this morning – also announced the end of the Chevy Bolt EV and EUV with the last cars rolling off the Orion assembly line “late this year”. This marks the end of the Bolt EV as the most affordable/capable EV in the US market and a pioneering electrification milestone.

General Motors shared Monday that it now leads the industry in the number of EV models that qualify for the full $7,500 tax credit. GM expects its entire lineup of electric vehicles under the MSRP cap to be eligible for the full EV tax credit in 2023.

General Motors announced that GM Ventures is leading a $50 million Series B financing round in EnergyX – a company specializing in direct lithium extraction and refinery technologies. As part of the investment, GM will help fund the commercialization of EnergyX’s sustainable extraction technology in exchange for lithium to be exclusively used for EV production.

The first-ever fully electric Chevy Blazer EV is set to go on sale this summer, followed by a powerful high-performance SS trim. This SS version will be the first performance model of a Chevy EV, with an estimated 557 horsepower, turning the all-around family car into a speed demon. Check out the latest video of the 2024 Chevy Blazer EV SS tearing across the Daytona International Speedway below.

The GMC Sierra EV will be the second fully electric truck from the GM brand, following the GMC Hummer EV pickup. With an estimated 400 miles of range, the new GMC Sierra EV is poised to take on the Ford F-150 Lightning and the upcoming electric Ram 1500 REV. The automaker teased a few early designs for its upcoming electric truck recently.

The Environmental Protection Agency (EPA) is expected to make a groundbreaking announcement this week that will make the majority of new US car sales EVs by 2032, according to a breaking New York Times scoop.