GM Boosts EV, AV, Electric Battery Investments 75%

-

GM Is Pouring Billions of Extra Dollars into EVs, AVs, Fuel Cells & Battery Plants


           Source: GM Electric Hummer & Self-Driving Cruise

CEO Mary Barra's Electric & Autonomous Road

GM is pouring billions of extra dollars into electric and autonomous vehicles.  The company is increasing spending by 75% or $35 billion by 2025.  CEO Mary Barra's goal is to build and sell 1 million electric vehicles (EVs) by 2025. These developments have just been disclosed. The $35 billion will also be used to build an additional two US battery plants on top of the two previously announced.  CEO Barra said that GM is aggressively investing in a "comprehensive and highly integrated plan to make sure that GM leads in all aspects of the transformation to a more sustainable future".  The investments are across a range of new technologies including EVs, autonomous vehicles (AVs), battery plants and GM's Hydrotec hydrogen fuel-cell system.

GM Will Have All Electric Model Lineup

By 2030, GM expects to have 30 EVs in its showrooms with electric vehicle sales crossing the 1 million milestone in 2025.  GM is committed to being an all electric automaker by 2035. As demand for electrification grows among drivers, GM is increasing production of its new Ultium batteries that it has developed in a JV partnership with South Korea's LG Chem.  Their 1st two battery plants open in Ohio and Tennessee later this year.  Locations for two more Ultium plants have not been announced.  However, these plants will very significantly lift US production of lithium-ion batteries.  Currently, 93 plants in China produce the technology and only 4 in the US.  Expanding that capacity is a key component of President Biden's infrastructure plan.

Autonomous Driving Vehicles (AVs)

GM's Cruise division is accelerating testing of its autonomous vehicle technology.  It's been cleared by California authorities to use fully driverless cars to transport passengers.  And, Cruise is launching an AV ridesharing service in Dubai.  Finally, in Japan, Honda is launching an AV pilot program using Cruise technology.  GM is clearly accelerating its investments in and the development of new forms of electric, zero emissions and autonomous travel technologies.  

Comments

Post a Comment

Popular posts from this blog

New Electric Surfboard from Sweden

-
Image
  Surfing With No Waves Needed, Anytime of Year                                                                                Source:  Awake Surfboard Can Hit 36 MPH Sweden-based Awake has developed a powerful electric surfboard that can hit speeds of 36 mph.  It can accelerate from 0 to 30 mph in just 4 seconds.  The Ravik S 22 electric surfboard is able to surf on any body of water any time of year including on snowy winter days.  And, it doesn't need waves to surf! It provides an extreme surfing ride, developed by an award-winning surfboard company. Tech Specs The e-board is powered by a 12-kW brushless motor.  The motor has three speed settings and three throttle sensitivity modes.  It has a wireless speed contr...
Read more

Extreme Electric Surfboard

-
Image
  Surfing With No Waves Needed, Anytime of Year                                                                                Source:  Awake Surfboard Can Hit 36 MPH Sweden-based Awake has developed a powerful electric surfboard that can hit speeds of 36 mph.  It can accelerate from 0 to 30 mph in just 4 seconds.  The Ravik S 22 electric surfboard is able to surf on any body of water any time of year including on snowy winter days.  And, it doesn't need waves to surf! It provides an extreme surfing ride, developed by an award-winning surfboard company. Tech Specs The e-board is powered by a 12-kW brushless motor.  The motor has three speed settings and three throttle sensitivity modes.  It has a wireless speed contr...
Read more

Lotus' $2 M Electric Sportscar

-
Image
Evijan - Electric Car that Goes  0 to 62 mph in 3 Seconds Source:  Lotus Lotus' 1st Fully EV Under Chinese Ownership This is a fully electric sports car with top speeds up to 200 mph by the British sport car maker Lotus.  They call it the Evijan hypercar, which means top-tier sports car.  And it's being launched with the Chinese automaker Geely that bought Lotus in 2017. The car is elegant, powerful and expensive. It's showcases the future of electric vehicles with speed and energy efficiency.  In three seconds, the car accelerates from zero to 62 mph.  The powertrain is electrified and packs 1,973 in horsepower. New Tech They'll start with manufacturing 130 cars in 2020.  The cars will be built in England.  The cost per car is $2.15 million and the range is over 250 miles on a charge.  With an 800 kw charger, it takes only 9 minutes to fully charge. Lotus executives say this is just the beginning.  They have more visionary mo...
Read more