Despite hiccups with supply shortages and COVID-related shutdowns, General Motors (GM) CEO Mary Barra is bullish on the China marketplace. “We still think there’s tremendous opportunity there,” Barra said at Yahoo Finance’s All Markets Summit in an interview with Editor-in-Chief Andy Serwer. GM reported a bounceback in China sales for Q3 of this year, where it sold 629,900 vehicles, up about 1% from a year ago. While that doesn’t sound like much, sales dropped a whopping 35% in Q2 due… Source link
Read More »GM has 4 new plants in the works to ‘have control over battery cell manufacture’: Mary Barra
In the years ahead, GM (GM) says, it’s aiming to be a leading manufacturer of batteries as well as cars. “For electric vehicles, it’s all about the battery,” CEO Mary Barra told Yahoo Finance in a wide-ranging interview this week. The CEO outlined plans to open at least four new plants just to manufacture batteries that power the company’s electric vehicles. “We decided that we wanted to have control over battery cell manufacture so we formed a joint venture with LG, one of our partners,… Source link
Read More »