GM takes aim at Tesla with ‘Ultium’ batteries and fleet of electric vehicles [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
GM takes aim at Tesla with ‘Ultium’ batteries and fleet of electric vehicles A Chevrolet Bolt EV rolls along the assembly line at the General Motors Orion Assembly in Lake Orion, Mich., on March 19, 2018. Rebecca Cook/Reuters A Chevrolet Bolt EV rolls along the assembly line at the General Motors Orion Assembly in Lake Orion, Mich., on March 19, 2018. General Motors Co Chief Executive Mary Barra said Wednesday the Detroit automaker will invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk’s Tesla Inc as vehicles go electric. The previously undisclosed investment figure was part of detailed presentations Barra and other GM executives gave to reporters and investors, to show that GM can make the transition from an internal combustion world to a battery electric one. “We’ll grow” as the company offers more electric vehicles (EVs), Barra said at GM’s design centre in Warren, Michigan. And by slashing the number of powertrain combinations
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