GM is reworking its North America EV strategy and will no longer challenge Tesla's lead in the US EV segment amid slowing EV sales growth, higher labor costs.
General Motors is reworking its EV strategy in North America and is pulling back from efforts to challenge Tesla's lead in the US electric vehicle segment amid slowing EV sales growth, rising labor costs, and a bleak economic outlook. The company said during today's Q3 2023 earnings call that it is also abandoning a goal to build 400,000 electric vehicles from 2022 through mid-2024.
Barra said GM will save billions thanks to a decision to redesign and relaunch the Chevrolet Bolt EV using lower-cost lithium-iron batteries. She added that GM also ditched an earlier plan to spend $5 billion on several new entry-level EVs.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
GM Ditches Goal Of Building 400,000 EVs In North America Through Mid-2024GM is reworking its North America EV strategy and will no longer challenge Tesla's lead in the US EV segment amid slowing EV sales growth, higher labor costs.
Leer más »
Regulatory Uncertainty Impedes DeFi’s Growth in North America: ChainalysisCrypto Blog
Leer más »
Canada’s graphite to shield North America against geopolitical risks, says Lomiko MetalsThe impending graphite export restrictions from China serve as a compelling reminder of the importance of cultivating robust and resilient supply chains within North America, says Lomiko Metals CEO Belinda Labatte.
Leer más »
'Birds of North America' locks its characters in a cage of dramatic constraintsPlaywright Anna Ouyang Moench's 'Birds of North America' has its Los Angeles premiere at the Odyssey Theatre in a production starring Arye Gross and Jacqueline Misaye.
Leer más »
North America leads world in crypto usage, Chainalysis saysThe U.S. drives the greatest share crypto activity in the world with over $1 trillion in transaction volume between July 2022 and June 2023.
Leer más »
Blink-182 Announce North America Tour: See DatesPierce The Veil will join the trek as a special guest.
Leer más »