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With the Aim of Going Further, General Motors – GM Now Wants to Produce 30 Different Models of Electric Cars to Become Competitive in the Market
General Motors – GM plans to spend US$ 27 billion on battery and autonomous electric vehicles and launch 30 electric models globally by the end of 2025. Last year, a Wall Street analyst urged the company to change its corporate name to Ultium, the nickname GM gave to the batteries co-developed with LG Chem Ltd.
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The GM automaker is trying to balance technological advances with traditional electric and truck vehicle businesses, where it holds the largest market share in the U.S.
General Motors – GM’s goal of 1 million vehicles and a flood of new models is “heating up the game,” said Gear. The GM Ultium battery allows new models to be developed faster, and the company’s planned battery plant in Lordstown, Ohio – a joint venture with LG Chem – is expected to enable the production of enough batteries to meet Barra’s targets.
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More Electric Car Models in the Future Market
More electric car models mean more options for consumers, speeding up the broader adoption of EVs. Tesla faced some major quality issues, such as a roof that detached from a Model Y in California in October, on the same day the owner picked up the car from the dealership.
GM’s move means that customers wanting to buy an electric vehicle “won’t have to choose the 15-year-old startup that has quality issues,” said Gear, production director.
