GM and Honda to jointly expand electric vehicles and technology from freeamfva's blog
On Tuesday, General Motors Co. (NYSE:GM) and Honda Motor Co. said they would collaborate on cost-effective plug-in technology to produce a series of electric vehicles. To get more news about admiral market es, you can visit wikifx.com official website.
The companies plan to expand their relationship to a new chapter by working together to enable the global production of millions of EVs starting in 2027, including sport-utility vehicles, for North and South America and China.
According to GM Chair and CEO Mary Barra, the collaboration is a critical step for the company to achieve carbon neutrality in its global products and operations and eliminate tailpipe emissions from light-duty vehicles in the U.S.
In addition, the automakers said that splitting development expenses and working together to reduce battery costs would allow them to drive down the price while producing electrics on a global scale.
For the most part, electric vehicles on sale today are larger, more expensive vehicles, while smaller and more compact vehicles are vital to increase the EV addressable market.
The companies declined to comment on how much they are investing as part of the new collaboration but said that pricing would come in below the $30,000 price tag planned for the electric Chevrolet Equinox SUV.
GM and Honda are also looking at collaborating on EV battery technology to drive down the cost of EVs even further. Both companies are already independently working on advanced battery technologies, including the solid-state battery type.Despite severe supply chain constraints, General Motors reported solid results for the final quarter of 2021 two months ago and has continued to prioritize the production and sales of its most profitable vehicles.
Looking ahead, GM is aggressively reinvesting its profits to expand its electric vehicle (EV) lineup and EV production capacity, which will keep the automaker relevant as the industry shift away from gas-powered vehicles.
Wall Street analysts are optimistic about the stock, with a Strong Buy consensus rating based on 12 Buys and three holds. The average price target of $72.93 for General Motors implies an upside potential of 76% to current levels.
The companies plan to expand their relationship to a new chapter by working together to enable the global production of millions of EVs starting in 2027, including sport-utility vehicles, for North and South America and China.
According to GM Chair and CEO Mary Barra, the collaboration is a critical step for the company to achieve carbon neutrality in its global products and operations and eliminate tailpipe emissions from light-duty vehicles in the U.S.
In addition, the automakers said that splitting development expenses and working together to reduce battery costs would allow them to drive down the price while producing electrics on a global scale.
For the most part, electric vehicles on sale today are larger, more expensive vehicles, while smaller and more compact vehicles are vital to increase the EV addressable market.
The companies declined to comment on how much they are investing as part of the new collaboration but said that pricing would come in below the $30,000 price tag planned for the electric Chevrolet Equinox SUV.
GM and Honda are also looking at collaborating on EV battery technology to drive down the cost of EVs even further. Both companies are already independently working on advanced battery technologies, including the solid-state battery type.Despite severe supply chain constraints, General Motors reported solid results for the final quarter of 2021 two months ago and has continued to prioritize the production and sales of its most profitable vehicles.
Looking ahead, GM is aggressively reinvesting its profits to expand its electric vehicle (EV) lineup and EV production capacity, which will keep the automaker relevant as the industry shift away from gas-powered vehicles.
Wall Street analysts are optimistic about the stock, with a Strong Buy consensus rating based on 12 Buys and three holds. The average price target of $72.93 for General Motors implies an upside potential of 76% to current levels.
Post
| By | freeamfva |
| Added | Apr 7 '22 |
Tags
Rate
Archives
- All
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
The Wall