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<blockquote data-quote="Weather Man" data-source="post: 16490380" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>GM plans to build its own EV drive systems</strong></span></p><p>Sep. 16, 2020 7:36 AM ET|About: <a href="https://seekingalpha.com/symbol/GM" target="_blank">General Motors Company (GM)</a>|By: <a href="https://seekingalpha.com/author/sa-editor-clark-schultz" target="_blank">Clark Schultz</a>, SA News Editor </p><p></p><p></p><p>General Motors (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>) is expected to announce that it will <a href="https://www.reuters.com/article/us-autos-gm-ev-exclusive/exclusive-gm-to-manufacture-own-family-of-ev-drive-systems-motors-idUSKBN2671RW" target="_blank">produce</a> five interchangeable drive units and three motors off the company's Ultium Drive system.</p><p></p><p>GM says the new electric drive systems will have a versatile enough power output to be used from vehicles ranging from pickup trucks to performance vehicles.</p><p></p><p>The Ultium system is something GM Mary Barra has been talking up for quite a while, including earlier this week at the RBC Capital Markets Global Industrials Virtual Conference.</p><p></p><p>"Ultium isn't just a differentiator for General Motors, it is an industry leading platform technology that has significant market potential outside of General Motors, as our recent agreements with Nikola and Honda demonstrated. We will build on our long-term relationship with Honda and our new newly formed deal with Nikola, when other companies choose our platform and our battery technology, because it improves our scale which leads to lower costs, making it even more attractive for industry partners," noted Barra.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16490380, member: 137766"] [size=6][b]GM plans to build its own EV drive systems[/b][/size] Sep. 16, 2020 7:36 AM ET|About: [URL='https://seekingalpha.com/symbol/GM']General Motors Company (GM)[/URL]|By: [URL='https://seekingalpha.com/author/sa-editor-clark-schultz']Clark Schultz[/URL], SA News Editor General Motors (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]) is expected to announce that it will [URL='https://www.reuters.com/article/us-autos-gm-ev-exclusive/exclusive-gm-to-manufacture-own-family-of-ev-drive-systems-motors-idUSKBN2671RW']produce[/URL] five interchangeable drive units and three motors off the company's Ultium Drive system. GM says the new electric drive systems will have a versatile enough power output to be used from vehicles ranging from pickup trucks to performance vehicles. The Ultium system is something GM Mary Barra has been talking up for quite a while, including earlier this week at the RBC Capital Markets Global Industrials Virtual Conference. "Ultium isn't just a differentiator for General Motors, it is an industry leading platform technology that has significant market potential outside of General Motors, as our recent agreements with Nikola and Honda demonstrated. We will build on our long-term relationship with Honda and our new newly formed deal with Nikola, when other companies choose our platform and our battery technology, because it improves our scale which leads to lower costs, making it even more attractive for industry partners," noted Barra. [/QUOTE]
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