General Motors to launch 30 electric vehicles by 2025

Cornelia Mascio
Novembre 20, 2020

"It's not just the cost and performance of our innovative EV components that will give us a competitive advantage in a fast-changing industry, but how we integrate them with other advanced systems like Super Cruise, our Vehicle Intelligence Platform electrical architecture and other technologies", Parks said during the announcement. As a result, they're planning to spend $27 (£20.3 / €22.7) billion on autonomous and electric vehicles through the middle of the decade. Because of the high power requirements of their computers and sensors, autonomous vehicles are often hybrid or electric.

The company also wants to supplant Tesla as the global electric vehicle leader, saying it has done great things and was able to get the jump on GM and other traditional automakers.

GM will boost battery-making capacity at the plant it is building in northeast OH with South Korea's LG Chem and will increase the number of plants in which it builds electric vehicles, Barra said. Asked about a spinoff of GM's skateboard or battery operations, Barra said, "We don't think it has to be separated". The announcement today moved those release dates up, to early 2022 instead of late 2022 for the Lyriq; and to an unspecified but earlier date for the Hummer. It's now planned for early 2022. However, GM believes the move is necessary as CEO Mary Barra said "Climate change is real, and we want to be part of the solution by putting everyone in an electric vehicle".

The developments arrive as government pollution regulations tighten worldwide, with California and the United Kingdom recently announcing plans to ban gas-powered new vehicle sales in 10 to 15 years. But it's also genuinely a recognition that the automaker's engineers were making faster progress than originally anticipated, he said.

The challenge for automakers and startups has always been balancing range against battery costs, and GM appears to have gone beyond that, Abuelsamid said. Now new companies like Lucid and Fisker are preparing to enter the market soon.

And as GM VP in charge of EVs Doug Parks noted, there are other technologies that will drive these new vehicles forward.

GM's Mary Barra ups the ante in an 'all-out pursuit of global EV leadership'
GM’s Upcoming EVs Will Now Have Up To 450 Miles Of Range, Next-Gen Ultium Batteries Already Being Tested

That includes models priced right in the heart of the market, in the $35,000 range, and perhaps below, Parks hinted, responding to questions about how low that means.

Battery cost is the main reason electric vehicles cost more than gasoline-powered ones.

The company said the electric battery packs in current vehicles cost around 40 per cent less than those used in the Chevrolet Bolt electric vehicle, and that costs will be cut by another 60 per cent in new battery packs. Majority will be based on the company's latest Ultium platform which can use standard battery cells and a set of interchangeable propulsion components to power mass market offerings or high performance vehicles created to cater to low volume niche market segments.

GM's ambitions to be the leading electric vehicle producer put it on a collision course with Tesla and German automaker Volkswagen AG, which last week outlined an $86-billion electric vehicle investment plan.

"What we're seeing now is that they're confident enough on their costs that they think they can offer those 300-to-400 mile range vehicles, and the upfront cost is similar to internal combustion vehicles", Abuelsamid said.

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