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GM Sells Part of EV Battery Plant. Focus on Cash.

What does GM’s decision to sell its battery plant stake reveal about EV demand?

Patrick Anderson the Principal and CEO of Anderson Economic Group explains market realities that are shifting the auto industry’s strategies.

Barron's on MSN · 1d

GM Sells Part of EV Battery Plant. Focus on the Cash.

It underscores that GM is focused on capital efficiency. “Our EV profitability is rapidly improving thanks in part to our str

Electrek · 2d

GM is selling its stake in one of its four EV battery plants: Here’s why

GM announced plans to sell its stake in the nearly completed Lansing, Michigan, EV battery plant to joint venture

EVgo, GM

The Verge · 7h

GM and EVgo now have over 2,000 EV charging stalls and counting

General Motors and EV charging company EVgo announced that they’ve installed their 2,000th public EV charging stall, in Murrieta, California. With that, GM has met a deadline it set in September to have the bulk of its planned 2,850 DC fast-charging stalls set up by the end of this year.

GM Authority · 7h

GM Energy And EVgo Install 2,000th DC Fast Charging Stall In The U.S.

GM Energy and EVgo are working together to reduce range anxiety by quickly growing their network of fast charging stations across North America.

Business Insider · 11h

EVgo And GM Double Public Fast Charging Stalls In US

EVgo, Inc. (EVGO), a DC fast charging network provider for electric vehicles, in partnership with General Motors (GM), an automobile

China, GM

Electrek · 11h

GM sees $5 billion impact from restructuring in China

GM’s CEO Mary Barra told Fortune in October that China’s EV price war “has become a race to the bottom with pricing and the level of subsidies.” Barra explained that low-cost loans enable some companies to sell cars at a loss, which puts pressure on foreign automakers like GM.

Reuters · 5h

GM to take more than $5 billion in charges on China operations

General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.

LA Times on MSN · 11h

Losses in China lead to $5-billion charge for General Motors

The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge.

1don MSN

GM to Exit Michigan EV Battery Plant

The automaker plans to sell its stake to joint-venture partner LG Energy, the latest pullback in its electric-car investments ...

GM Authority5h

GM Didn’t Need Third Ultium Cells Battery Plant, CFO Paul Jacobson Says

GM CFO Paul Jacobson has commented on the automaker's decision to sell off its stake in a third U.S. Ultium Cells EV battery ...

1don MSN

GM offloads its stake in EV battery factory to joint venture partner LGES

General Motors is selling its stake in the nearly completed Ultium Cells battery cell plant in Lansing, Michigan, to its ...

GM to Sell Stake in Michigan EV Battery Plant to LG Energy

General Motors Co. is selling its stake in an electric-vehicle battery plant in Lansing, Michigan, to South Korean partner LG ...

Cars19h

2024 GMC Hummer EV SUV Review: (4) Tons of Fun!

It feels irresponsible to love something this big, inefficient, expensive and vulgar, but we can’t help falling for the GMC ...

14h

GM is struggling so much in China, it had to announce massive charges to fix its business

China, once GM’s largest and most important market, has become its biggest problem. General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 ...

motor1.com on MSN7h

We’re Driving the Cheapest Chevy Equinox EV: What Do You Want to Know?

We’ve got the 319-mile, $34,995 Equinox for the week. Is this good enough to convince people out of their gas-powered cars?

8hon MSN

The Honda Prologue Is On A Roll After Becoming GM’s Best-Selling EV In Q3

The electric Prologue set a new monthly sales record in November, delivering 6,823 units and bringing its total for the year ...

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GM Sells Part of EV Battery Plant. Focus on Cash.

EVgo, GM

China, GM

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