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0 -0.00097225602336346 -0.000365052324166478 0.000109515697249943 -2.31199805306185E-05 -0.00097225602336346 -0.00109515697249943 -0.00100754441469951
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General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: TechCrunch
Amid Ford's shift away from making large electric vehicles, the automaker is adding a new product line to find a home for its batteries. Ford said Monday that instead of scuttling plans to build the batteries for those vehicles, it will pivot that capacity into a new battery storage business. Those storage systems, which will use cheaper LFP batteries, will be used to power data centers and help buffer demand on the electric grid. Ford says the battery storage systems will start shipping in 2027 and that the company plans to build 20GWh of annual capacity. Ford will invest about $2 billion into the new business over the next two years. Under the plan, Ford will repurpose the existing manufacturing capacity at its Kentucky factory. Ford plans to produce lithium iron phosphate batteries using technology licensed from China's CATL as well as battery energy storage system modules, and 20-foot DC container systems at this facility. Ford will join a number of automakers who are ope Show less Read more
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