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<blockquote data-quote="Weather Man" data-source="post: 16677138" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3750328-general-motors-plans-to-be-an-ev-leader-with-double-the-revenue-and-higher-margins" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3750328-general-motors-plans-to-be-an-ev-leader-with-double-the-revenue-and-higher-margins" target="_blank">General Motors plans to be an EV leader with double the revenue and higher margins</a></p><p></p><p></p><ul> <li data-xf-list-type="ul">General Motors (<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a> -1.6%) is aiming high with its financial targets as it <a href="https://seekingalpha.com/pr/18502574-general-motors-to-outline-plans-for-decade-of-growth-doubling-of-annual-revenues-2030" target="_blank">highlights</a> the company's dual platform strategy for hardware and software and growth at an investor event today.</li> <li data-xf-list-type="ul"><a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a> plans to double annual revenue by the end of the decade to $280B while growing EBIT-adjusted margins as it transitions to an all-electric future. That follows what it expects will be a $35B investment through 2025 in all-electric and autonomous vehicles.</li> <li data-xf-list-type="ul">"GM's vision of a world with zero crashes, zero emissions and zero congestion has placed us ahead of much of the competition in electrification, software-enabled services and autonomy," says GM CEO Mary Barra.</li> <li data-xf-list-type="ul">"Our early investments in these growth trends have transformed <a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a> from automaker to platform innovator, with customers at the center. GM will use its hardware and software platforms to innovate and improve their daily experience, leading everybody on the journey to an all-electric future."</li> <li data-xf-list-type="ul">Part of the GM (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>) plan is for it be an EV market share leader in the U.S. while also growing its profits from internal combustion engine vehicles in the near term. GM expects the future growth to be driven by the Ultium modular EV platform. On the manufacturing side, plans are in place more than 50% of the company's North America and China manufacturing footprint to be capable of EV production by 2030.</li> <li data-xf-list-type="ul">Closer on the calendar, Chevrolet is planning to debut the Silverado EV pickup on Jan. 5, 2022 and the Ultra Cruise hands-free advanced driving-assistance technology will be offered starting in 2023.</li> <li data-xf-list-type="ul">GM's (<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>) investor event is scheduled to run for two days.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16677138, member: 137766"] [URL='https://seekingalpha.com/news/3750328-general-motors-plans-to-be-an-ev-leader-with-double-the-revenue-and-higher-margins'] General Motors plans to be an EV leader with double the revenue and higher margins[/URL] [LIST] [*]General Motors ([URL='https://seekingalpha.com/symbol/GM']GM[/URL] -1.6%) is aiming high with its financial targets as it [URL='https://seekingalpha.com/pr/18502574-general-motors-to-outline-plans-for-decade-of-growth-doubling-of-annual-revenues-2030']highlights[/URL] the company's dual platform strategy for hardware and software and growth at an investor event today. [*][URL='https://seekingalpha.com/symbol/GM']GM[/URL] plans to double annual revenue by the end of the decade to $280B while growing EBIT-adjusted margins as it transitions to an all-electric future. That follows what it expects will be a $35B investment through 2025 in all-electric and autonomous vehicles. [*]"GM's vision of a world with zero crashes, zero emissions and zero congestion has placed us ahead of much of the competition in electrification, software-enabled services and autonomy," says GM CEO Mary Barra. [*]"Our early investments in these growth trends have transformed [URL='https://seekingalpha.com/symbol/GM']GM[/URL] from automaker to platform innovator, with customers at the center. GM will use its hardware and software platforms to innovate and improve their daily experience, leading everybody on the journey to an all-electric future." [*]Part of the GM (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]) plan is for it be an EV market share leader in the U.S. while also growing its profits from internal combustion engine vehicles in the near term. GM expects the future growth to be driven by the Ultium modular EV platform. On the manufacturing side, plans are in place more than 50% of the company's North America and China manufacturing footprint to be capable of EV production by 2030. [*]Closer on the calendar, Chevrolet is planning to debut the Silverado EV pickup on Jan. 5, 2022 and the Ultra Cruise hands-free advanced driving-assistance technology will be offered starting in 2023. [*]GM's ([URL='https://seekingalpha.com/symbol/GM']GM[/URL]) investor event is scheduled to run for two days. [/LIST] [/QUOTE]
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