GM’s EV branch to return a profit as of 2025

Piet Andries

November 21, 2022

For its next-generation of Ultium batteries, General Motors wants to drive costs down by 40% /GM

Over three years, the American carmaker General Motors will be as profitable on its EV portfolio as with its combustion-engined models. That's what CEO Marry Barra told investors at a meeting. Tax incentives, the spreading of costs, and mining contracts are the main drivers. "Solidly profitable"
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