How General Motors Will Beat Tesla on Electric Vehicles: Profits
General Motors (NYSE: GM) is developing an all-new platform for battery-electric vehicles that will lower costs enough to make them solidly profitable, CEO Mary Barra told Wall Street analysts in a presentation last week.
The new platform will underpin a series of vehicles that GM will begin introducing in 2021, she said.
The news wasn't entirely a surprise. GM confirmed last month that it plans to launch at least 20 new all-electric vehicles by 2023. But Barra's presentation, to a group of Wall Street analysts at a conference hosted by Barclays, shared much more detail on those plans.
Source: Fool.com