General Motors - Investments of $ 20 billion on electrification
General Motors – Investimenti per 20 miliardi di dollari sull’elettrificazione

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General Motors – Investimenti per 20 miliardi di dollari sull’elettrificazione

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General Motors – Investimenti per 20 miliardi di dollari sull’elettrificazione

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General Motors – Investimenti per 20 miliardi di dollari sull’elettrificazione

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General Motors – Investimenti per 20 miliardi di dollari sull’elettrificazione

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General Motors – Investimenti per 20 miliardi di dollari sull’elettrificazione

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General Motors – Investimenti per 20 miliardi di dollari sull’elettrificazione

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General Motors – Investimenti per 20 miliardi di dollari sull’elettrificazione

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General Motors – Investimenti per 20 miliardi di dollari sull’elettrificazione

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There General Motors plans to invest $ 20 billion (€ 18 billion) until 2025 to develop electric cars and technologies for autonomous driving. The Detroit group, during an event expressly dedicated to the topic, thus quantified, for the first time, the financial commitment linked to the strategies for electrification of the range.

The goal for 2025. General Motors, in an attempt to convince investors of its ability to cope with Tesla’s competition, also confirmed that the goal is to sell, by 2025, about 1 million vehicles on tap a year between the United States and China. To achieve this goal, there will be several product launches planned for the next few years. The road map covers, since 2020, all the brands of the group (Chevrolet, GMC, Buick and Cadillac) and includes at least twenty electric models by 2023.

Mary Barra - EV Day

The new electric. More than ten were presented at the event (behind closed doors and with the ban on filming and photography), starting with the new Chevrolet Bolt, arriving on the market towards the end of 2020. A pick -up and, in the summer of 2021, an electric crossover also based on the Bolt: it will be the first non-Cadillac car equipped with the technology for autonomous driving Super Cruise, which General Motors intends to install on 10 models by 2021 and on 22 vehicles by 2023. Chevrolet will later launch a new midsize SUV. In addition, several battery-powered models are planned for the Cadillac, including one with high wheels, called the Lyriq (to be unveiled in April and hitting the market in 2022) and another (a luxurious “hand-assembled” flagship) called the Celestiq. For the Hummer family, which will be marketed under the GMC brand, there will also be an SUV in addition to the electric pick-upwhich will be unveiled in streaming on May 20 and will be produced from next September in the renewed one Detroit-Hamtramck plant.

The Cadillac Lyriq

New battery technology. The product offensive will leverage the third generation of the electric platform: it will be modular and highly flexible but above all it will be able to count on a new proprietary technology for batteries. Called Ultium, it is characterized by particular cell configurations to optimize energy density and layout inside vehicles; it also stands out for its low use of cobalt, the most expensive and complex chemical element to manage in current lithium-ion accumulators. Thanks also to this new solution, the Detroit-based company and its partner LG Chem plan to lower the cost per kilowatt hour of batteries to less than $ 100 from Bolt’s current $ 145. The batteries will be available with a power ranging between 50 and 200 kWh and the latter option, according to company management, will allow vehicles to reach a range of at least 400 miles (643.74 kilometers) on a single charge (10 minutes are enough. to have enough charge to travel over 100 miles) and accelerate from zero to 60 miles in under three seconds. And the Cruise Origin the first model to use the new platform and Ultium technology. The second will be the Cadillac Lyriq (pictured in the image above) and the third the electric Hummer.

GM EV Day - Design Dome - Warren, Michigan

A profitable strategy. Finally, General Motors reiterated that its electrification strategy will produce profits right away. Underlying this belief are several favorable factors: lower costs for batteries; a platform flexible enough to allow the production of a wide range of models; the economies of scale linked to the best allocation of capital: the reduction in complexity caused by the smaller number of components and motors needed to assemble an electric.

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