General Motors is planning to leverage Ultium battery to dominate the EV market. Mary Barra, chair and CEO of the most prominent American automobile manufacturer, shares their strategy in an interview with CNBC. She is definite that they will rule the EV industry by 2025. General Motors general director Tim Grewe explains how the Ultium battery can be installed in a Hummer or any EV the user segment requires. In fact, the company will invest $35 billion to become the pioneer in this market. It projects to increase its manufacturing capacity to 1 million EVs. General Motors is also investing in the commercial EV segment under the brand name of BrightDrop. FedEx and Walmart are the early investors. But how can the company be so confident about this nascent market? Watch the video to know more.
August 17, 2022
July 24, 2022