$GM will launch 30 EV's around the world by 2025 expanding on a prior target of 20 electric models by 2023 & over 2/3rds will be available in North America; 40% of its US entries will be battery EVs by the YE25; raised commitments to EV's by 35% to $27B. Over time, GM plans to offer electric vehicles across its lineup, from below $30,000 to over $100,000, with a goal of “putting everyone in an electric vehicle,” GM expects to boost battery-making capacity at the plant it is building in northeast Ohio with South Korea's LG Chem & will increase the number of plants in which it builds EVs. GM's Ultium battery technology will now offer electric driving range of up to 450 miles on a single charge, up from 400 previously stated. The 2nd gen of Ultium batteries, available mid-decade, should close most of the cost gap with gasoline engines. GM plans to start selling the Cadillac Lyriq electric SUV by 1Q22, 9 months earlier than previously planned.
  • 2