article thumbnail

GM CEO is ‘disappointed’ in EV production, says affordable models will drive adoption

Electrek

General Motors ( GM ) CEO Mary Barra said she is disappointed in EV production this year due to constraints. Meanwhile, GM’s leader believes new, affordable EVs like the Equinox and Bolt will help drive adoption.

article thumbnail

GM and Honda expanding partnership to codevelop series of affordable EVs in most popular vehicle segments; on sale in 2027

Green Car Congress

General Motors and Honda plan to expand the two companies’ relationship by codeveloping a series of affordable electric vehicles based on a new global architecture using next-generation Ultium battery technology. —Mary Barra, GM chair and CEO. —Shinji Aoyama, Honda senior managing executive officer.

Honda 170
article thumbnail

GM, POSCO Future M announce 2nd phase of CAM production in N America; adding pCAM

Green Car Congress

General Motors and POSCO Future M announced the second phase of their Ultium CAM joint venture, an investment projected to exceed US$1 billion to increase production capacity of cathode active materials (CAM) in North America and integrate precursor materials production. Site selection will be announced later.

GM 170
article thumbnail

GM says its new Chevy Bolt EV will save billions with more affordable LFP batteries

Electrek

The next-gen Chevy Bolt EV is due out next year after GM ended production of its top-selling electric model at the end of 2023. GM’s CFO Paul Jacobson says the new Bolt EV will save the company billions by becoming North America’s first Ultium-based model to use LFP batteries.

GM 138
article thumbnail

GM invests in AI and battery materials company Mitra Chem; advanced iron-based CAMs

Green Car Congress

The company’s AI-powered platform and advanced research and development facility in Mountain View, California, will help accelerate GM’s commercialization of affordable electric vehicle batteries. Mitra Chem's first product category is iron-based cathodes for Western battery applications.

GM 195
article thumbnail

GM-Honda to start hydrogen fuel cell commercial production in MI

Teslarati

General Motors (GM) and Honda announced that their 50-50 joint venture on a hydrogen fuel cell facility in Michigan is ready to start commercial production. Specifically, GM and Honda wanted to double the durability of the 2019 Honda Clarity Fuel Cell. The FCSM is a 70,000-square-foot facility in Brownstown, Michigan.

Honda 114
article thumbnail

GM faces EV production constraints and Cruise accident effects in 2024

Teslarati

Ahead of the General Motors (GM) earnings call this week, the automaker has new union contracts and is expected to report around $10 billion in earnings. GM will report Q4 and FY 2023 earnings on Tuesday, and the company said in November it expected to earn almost $10 billion throughout 2023—despite around $1.1

GM 100