General Motors’ Chief Executive, Mary Barra, announced that the company has resolved battery manufacturing issues that have plagued its electric vehicles in the past. Barra expressed confidence that GM’s electric vehicles will soon be profitable as a result of these fixes.
Barra’s statements come at a time when electric vehicle sales are on the rise globally, with many major automakers upgrading their electric vehicle offerings to meet increasing demand. GM is one of the companies at the forefront of this trend, with plans to invest heavily in electric vehicle production over the next few years.
In recent years, GM has faced criticism for its slow progress in the electric vehicle market, with competitors such as Tesla gaining a significant market share. However, Barra’s announcement signals a shift in the company’s strategy, with a renewed focus on improving its electric vehicle technology and production processes.
The news will likely be welcomed by investors and industry experts, who have been eagerly awaiting GM’s response to the growing popularity of electric vehicles. With electric vehicles becoming increasingly mainstream, GM’s ability to resolve manufacturing issues and make its electric vehicles profitable will be crucial to its success in the market.
Overall, Mary Barra’s announcement is a positive sign for GM and its electric vehicle division. By addressing manufacturing problems and focusing on profitability, the company is positioning itself well to compete in the rapidly expanding electric vehicle market. Investors and consumers alike will be watching closely to see how GM’s electric vehicles perform in the coming months.
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