GM To Announce Massive Increase in EV Manufacturing

According to multiple sources, General Motors is anticipated to make a major announcement next Wednesday (November 7th) concerning electric vehicles, mobility, and its technology business to coincide with its third-quarter financial report. This aligns with a series of manufacturing and development changes already in motion at the auto manufacturer to execute the sweeping “20 new EVs by 2023” plan announced last fall.

At the Barclays 2017 Global Automotive Conference, GM CEO Mary Barra said, “Our mission for electrification is simple. We are working to provide desirable, obtainable, and profitable vehicles that deliver a range of over 300 miles.”

Since then, GM has been developing a new electric-vehicle platform that allows larger vehicle footprints and family-sized crossovers. An all-new battery platform, also announced last fall, would complement the automaker’s intention to break the $100/kwh barrier for lithium-ion packs.

More here.