General Motors Co. recently launched a 27 27 billion EV offensive to seize the lead in Tesla’s EV market, which was admitted by GM executive Doug Parks in a recent statement. Parks made the statement in a call before GM chairman and CEO Mary Bara announced the company’s targets in the EV market by 2025.
Parks is the vice president of global product development, procurement and supply chain GM. His acceptance of Tesla’s lead reveals a lot about Legacy Automaker’s current mindset and its goals for the future. “We don’t just want to participate, we want to lead,” he told reporters. TechCrunch.
“Tesla has got a good leap, and they’ve done great things and so are they [Tesla] Fierce rivals. There are a lot of startups and everyone else is invading this space, and we don’t isolate the leadership there. “
On Thursday, November 19, Bara announced that GM aims to deliver 30 all-electric vehicles by 2025. Car manufacturer has also added its Ivy investment budget of $ 7 billion. Prior to the epidemic, General Motors had budgeted 20 billion for the development of EVs and autonomous autonomous vehicles (AVs). Now, that billion is 27 billion.
“Climate change is real and we want to be part of the compromise by putting everyone in an electric vehicle,” said GM’s chairman and CEO. “We are shifting from a state of strength to an all-electric portfolio and we are focused on growth. We can accelerate our EV plans as we rapidly gain competitive advantage in batteries, software, vehicle integration, production and customer experience. “
Based on the information published during Barclays 2020 Global Conference of Aut tomotiva npharansa, GM aims to increase its share of the battery electric vehicle (BEV) market in the United States. Legacy OM calculated that the top 10 BEV U.S. The states provided the company with a 280,000-unit opportunity. For reference, TSLA bull Pierre from pheragu New street research It is estimated that Tesla has an international address market of 20 million units with its S3 XY lineup. Sayabaratrake 3 million units in the market has provided an additional address.
In a press release, GMA predicted that 40% of its entry into the United States would be battery-powered by the end of 2025, which could be a smart move for an experienced automaker. Tesla and other EV startups, such as Rivian and Lucid Motors, seem to be preparing to fight for 100% EV adoption in the United States by 2030, as shown by the formation of the Zero Emission Transportation Association or Zeta.
GM’s presentation at the Barclays 2020 Global Automotive Conference can be seen below.
The final Barclays slides by Maria Merano on Scribe
