Tag: General Motors

Apr 27, 2021 - 10:51 am

Evergrande valued higher than GM but has sold no cars

Evergrande New Energy Vehicle, the electric car offshoot from the Chinese Evergrande Group, is now worth 87 billion US dollars on the stock market meaning it is valued higher than Ford or GM. The valuation is odd, as the company has yet to sell a single car.

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Apr 22, 2021 - 12:36 pm

Cadillac to focus exclusively on BEVs

Cadillac has presented the production version of the Lyriq electric SUV and at the same time announced its transformation to an electric car brand by the end of this decade. From now on, all newly introduced models will all be battery-electric vehicles.

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Apr 20, 2021 - 02:53 pm

General Motors invests $139 million in SES

General Motors has led a 139 million US dollar investment round by solid-state battery specialist SolidEnergy Systems (SES). This follows a development agreement the US car company had signed in March with SES.

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Apr 7, 2021 - 04:21 pm

General Motors announces electric Chevy Silverado

General Motors has officially announced a pure battery-electric Chevrolet Silverado. The electric Chevrolet pickup truck is to be produced at the electric vehicle plant ‘Factory Zero’ in Detroit-Hamtramck. However, GM has not yet given a concrete schedule for production.

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Apr 6, 2021 - 12:45 pm

GMC debuts 2024 Hummer EV SUV with 300+ mile range

After General Motors had revived the former fuel monster, Hummer, as an electric pickup, an SUV variant now follows. The GMC Hummer EV SUV is scheduled to go into production in early 2023 and will be available at base prices between $79,995 and $110,595 depending on the variant.

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Mar 12, 2021 - 01:26 pm

LG aims for 110 GWh cell production in the USA by 2025

The South Korean battery cell manufacturer LG Energy Solution has announced that it will invest more than 4.5 billion US dollars (just under 3.8 billion euros) by 2025 to expand its production capacities in the USA by 70 GWh to 110 GWh. At least two new factories are planned.

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Mar 5, 2021 - 12:02 pm

GM invests in battery cell production in the USA

General Motors is planning to build a second plant in the US to manufacture battery cells for electric vehicles as part of its joint venture with LG. In response to a media report that GM was close to making a decision, the carmaker itself confirmed the plans.

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Feb 15, 2021 - 11:46 am

Chevrolet releases longer Bolt version

Chevrolet has unveiled the redesigned Bolt EV and a completely new, slightly larger Bolt dubbed EUV, both of which will be available in the US this summer. The refreshed Bolt has been made more affordable but relies on familiar technology for its powertrain.

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Feb 3, 2021 - 02:58 pm

Major carmakers revoke support for Trump emissions

Toyota, Fiat Chrysler, Hyundai, Kia, Volkswagen and other major carmakers join General Motors in abandoning their support for former US President Trump. This is also an act to support and perhaps influence the Biden administration in setting new emission standards.

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Feb 3, 2021 - 12:32 pm

Merchants Fleet to procure 12,600 GM electric vans

The US fleet management company Merchants Fleet has announced its intention to procure 12,600 electric delivery vans from the new General Motors’ brand BrightDrop. These are to be added to its customers’ fleets from the beginning of 2023.

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Jan 29, 2021 - 12:42 pm

GM to go fossil-fuel free by 2035

General Motors has announced that it will largely abandon the internal combustion engine by 2035. The new focus will be on ‘light-duty vehicles’; these are passenger cars and light commercial vehicles up to 3.8 tonnes, according to the US definition. Explicitly, the company wants to “eliminate tailpipe emissions” from 2035.

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Jan 13, 2021 - 12:30 pm

GM: new brand BrightDrop for electric delivery vans

Under the BrightDrop brand, US automaker General Motors wants to build an “integrated ecosystem” of electric delivery vehicles, software and services for logistics from the first to the last mile. The first vehicle is expected to hit the market soon with FedEx as the launch customer.

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Jan 6, 2021 - 12:34 pm

Honda & GM’s EV plans are becoming concrete

Further details have now emerged about the North American auto alliance announced by General Motors and Honda involving among other things, vehicle platforms including those for electric cars. An insider report from the US claims there are already concrete schedules and plants for the electric Honda models.

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Dec 22, 2020 - 04:34 pm

Pre-orders for GMC Hummer EV hit 10,000

Around 10,000 pre-orders have apparently been placed for the all-electric GMC Hummer EV Edition 1 that was unveiled at the end of October. General Motors is, therefore, already considering increasing production figures.

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Dec 1, 2020 - 03:54 pm

General Motors open for far smaller deal with Nikola

The comprehensive strategic eMobility partnership between General Motors and Nikola announced at the beginning of September has now been replaced by a non-binding letter of intent with a greatly reduced scope. Financial participation of GM in the startup is off the table, the e-pickup Badger has been dropped.

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Nov 25, 2020 - 01:20 pm

GM issues ultimatum for Cadillac dealers

While GM has publicly said they might turn Cadillac into a fully electric brand by 2030, the company is still facing pushback from their dealerships. GM is now saying dealers have to decide and offering them a good deal if they want to opt-out altogether.

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Nov 24, 2020 - 12:39 pm

GM withdraws support for Trump emissions plan

The outgoing US president Donald Trump announced last year that he wanted to litigate against California’s right to set its own car emission standards. He received support from some players in the industry, including General Motors. Now the car company has backed out.

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Nov 20, 2020 - 11:57 am

GM accelerates EV development & raises investment

General Motors is increasing its spending, launching an “all-out pursuit of global EV leadership,” GM CEO Mary Barra announced. By 2025, the US carmaker wants to have 30 electric models and intends to raise investment from 20 to 27 billion US dollars.

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Nov 2, 2020 - 01:19 pm

GM announces electric conversion kit

Starting in the second half of 2021, General Motors plans to sell an electric drive kit for hobbyists with components of the Chevy Bolt, which will enable them to convert conventional cars into electric cars.

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Oct 21, 2020 - 02:09 pm

GM plant in Spring Hill to go electric

General Motors is making its Spring Hill plant in the US state of Tennessee its third production facility for electric cars. The company plans to invest 2 billion US dollars in converting the plant. Among other models, the first electric Cadillac model Lyriq will be built in Spring Hill.

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Oct 21, 2020 - 01:37 pm

GM launches the fully-electric Hummer pick-up truck

General Motors has now launched the much anticipated fully-electric Hummer pick-up truck. The GMC Hummer EV can be pre-ordered immediately and is scheduled to go into production in fall 2021, first off as Hummer EV Edition 1 with three electric motors.

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Oct 18, 2020 - 04:05 pm

GM confirms ‘Factory Zero’ & GMC Hummer debut

General Motors confirms plans to convert its core production site at Detroit-Hamtramck into an all-electric vehicle assembly plant. The facility will run as Factory Zero to designate GM’s zero-emissions, zero-congestion, and zero crashes future.

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Oct 1, 2020 - 01:18 pm

Buick brings first Ultium concept to Beijing

In China, Buick presented the all-electric concept car Electra, which provides an outlook on the electric future of the General Motors brand. The crossover model uses GM’s new electric platform with an ‘Ultium’ battery.

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Found on electrive.com
https://www.electrive.com/2021/04/27/evergrande-valued-higher-than-gm-but-has-sold-no-cars/
27.04.2021 10:31