article thumbnail

Buick to introduce its first Ultium-based EV in China; GM to launch 15 Ultium-based EVs in China by 2025

Green Car Congress

Buick will introduce its first electric vehicle in China developed on GM’s Ultium platform later this year. The announcement came shortly after GM announced plans to roll out more than 15 Ultium-based models in China by 2025, and reinforced its commitment to making electric vehicles more connected and intelligent.

Buick 284
article thumbnail

GM outlines electrification path in China; 10 NEVs from 2016-2020, double by 2023

Green Car Congress

On World Environment Day, General Motors mapped out its electrification path in China. GM is on track to deliver 10 new energy vehicle models in China between 2016 and 2020. From 2021 through 2023, GM will maintain momentum by doubling the number of new energy vehicles available. GM China battery R&D lab.

GM 186
article thumbnail

Lexus RZ range boost, tariff on China EVs, Ford and GM lose EV tax credit: Today’s Car News

Green Car Reports

And the Lexus RZ EV gets a lower-priced base model with more range. The 2024 Lexus RZ 300e adds more driving range to the only EV in the Toyota luxury brand’s U.S. EV tax credit qualification gets murky in the new year. An even higher tariff on Chinese EVs is being considered. This and more, here at Green Car Reports.

article thumbnail

GM raises 2024 financial guidance on Q1 revenue

Teslarati

General Motors (GM) has detailed its first-quarter financial results for the year, citing its gas vehicles and continued growth of electric vehicle (EV) business and software-based platform development. ” You can see GM’s Q1 2024 financial results here , along with Barra’s letter to shareholders here. billion to $11.5

GM 104
article thumbnail

GM and Samsung SDI to invest more than $3B to expand US battery cell manufacturing

Green Car Congress

According to Doug Parks, GM executive vice president, Global Product Development, Purchasing and Supply Chain, the new joint venture with Samsung SDI will leverage the capital and technology of both companies to create new competitive advantages for GM.

GM 199
article thumbnail

GM delivered 2.9M vehicles in China in 2020 for third straight annual drop; NEV sales up 4x from 2019

Green Car Congress

million vehicles in China in 2020. We expect China’s vehicle market to continue growing in the long term and have a positive outlook on 2021. —Julian Blissett, GM executive vice president and president of GM China. General Motors and its joint ventures delivered 2.9 from a year earlier. year over year.

2020 170
article thumbnail

GM China opening battery assembly plant in China to support growth of new energy vehicle line-up

Green Car Congress

GM China will open a battery assembly plant in Shanghai later this year to support the growth of its new energy vehicle line-up. From 2017 through 2020, two-thirds of new energy vehicles launched by GM in China will be dedicated new energy vehicles.

GM 150