General Motors reports increased revenue and EV market share in 2024

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General Motors has released its fourth-quarter 2024 shareholder letter, outlining financial performance, production updates, and market positioning. The company reported a 9% increase in full-year revenue, maintaining its leadership in total, retail, and fleet deliveries within the U.S. market. GM also noted that it has expanded its market share while avoiding the pricing, incentive, and … Read more

GM and ChargePoint partner to enhance EV charging infrastructure

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ChargePoint and General Motors (GM) announced a collaboration to install up to 500 ultra-fast charging ports across the United States by the end of 2025. These charging stations will be strategically located to support the expansion of electric vehicle (EV) infrastructure in the country. The partnership aims to provide drivers with improved access to fast-charging … Read more

GM prioritizes autonomous personal vehicles over robotaxis

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General Motors (GM) has announced plans to shift its focus in autonomous vehicle development, emphasizing advanced driver assistance systems (ADAS) over robotaxi services. This decision aligns with GM’s strategic goal of pursuing fully autonomous personal vehicles while maintaining a disciplined approach to capital allocation. The company will integrate the technical teams of its majority-owned subsidiary, … Read more

GM and LG to develop prismatic battery cells for future electric vehicles

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General Motors (GM) and LG Energy Solution are extending their existing 14-year partnership in battery technology to include the development of prismatic battery cells. This collaboration aligns with GM’s efforts to diversify its supply chain by using multiple battery chemistries and form factors to power its electric vehicles (EVs). The new prismatic cell technology is … Read more

General Motors to sell Lansing battery plant stake to LG Energy Solution

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General Motors (GM) has entered into a non-binding agreement to sell its ownership stake in the nearly completed Ultium Cells LLC battery cell facility located in Lansing, Michigan, to its joint venture partner LG Energy Solution. The transaction, which is expected to close during the first quarter of 2025, remains subject to customary closing conditions. … Read more

GM Energy expands product line with stationary storage solution

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General Motors (GM) Energy has expanded its portfolio with the introduction of the GM Energy PowerBank, a stationary energy storage system designed for electric vehicle (EV) owners. This product allows users to store and transfer energy from the grid and integrate with solar power equipment. GM Energy has also made its energy management products available … Read more

General Motors to phase out Ultium branding for its electric vehicles in North America

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General Motors is moving away from the “Ultium” branding it has used since 2019 to describe its electric vehicle (EV) components, including its vehicle architecture, battery cells, and EV-related technology. This decision comes as the company pushes forward with plans to produce around 200,000 EVs in 2024 and works to improve the profitability of its … Read more

GM and Kia report strong third quarter EV sales

2024 Chevrolet Equinox EV LT in Riptide Blue Metallic with a Summit White roof driving in a downtown area.

2024 Chevrolet Equinox EV LT in Riptide Blue Metallic with a Summit White roof driving in a downtown area.

General Motors and Kia released their third-quarter sales reports today, and both automakers reported strong gains in EV sales. Among GM brands, total EV deliveries for the quarter just ended were 32,095 vehicles. That number is up 60% from the third quarter of 2023 and up 46% from the second quarter of this year. Overall, … Read more

GM unlocks Tesla Supercharger stations for its electric vehicles

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As of today, General Motors (GM) has enabled access to over 17,800 Tesla Supercharger stations for its electric vehicle (EV) customers. This is possible through the use of a GM-approved NACS DC adapter, which is designed to offer faster and more convenient charging options to GM’s current and future EV drivers. The addition of Tesla’s … Read more

Hyundai and GM target efficiency and competitiveness in new partnership

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Hyundai Motor Company and General Motors (GM) have entered into a Memorandum of Understanding (MoU) to explore potential collaboration in various strategic areas. The agreement, signed on September 12, 2024, outlines a framework for cooperation aimed at improving efficiency and increasing competitiveness. This potential partnership focuses on key areas such as joint product development, manufacturing, … Read more