GM is investing $ 35 billion in electric and autonomous cars


General Motors (GM) plans to pour 35 billion into developing battery-electric and autonomous cars over the next four years. The US manufacturer plans to bring 30 new electric vehicles onto the market worldwide, the company announced. The aim is to lead the market for fully electric cars in the USA. The company plans to double annual sales to US $ 280 billion.

GM wants to finance the change with profits from the business with combustion engines, explained GM. By 2030, more than half of the production capacities in North America and China are to be equipped for the production of electric cars, it said.

GM also wants to increasingly rely on digital offers. The company sees the potential for $ 20 billion to $ 25 billion in additional revenue annually. The company sees the car not just as a vehicle, but as a software platform.

In the US auto market, the large pickups are traditionally the most popular and lucrative vehicle category. Ford has already presented a battery version of its bestseller F-150, GM plans to present an electric Chevrolet Silverado as a competing offer at the CES in January. Tesla wants to bring a futuristic-looking “Cybertruck” onto the market. At the same time, brand new players such as the Amazon-financed company Rivian are striving into the business.

Under the name “Ultra Cruise”, GM also wants to bring a highly developed driver assistance system into its cars by 2023 that will also work in city traffic. First of all, roads in the USA and Canada are to be covered. The vehicle should capture its surroundings with cameras, radar and LIDAR and be able to handle 95 percent of the driving scenarios common in North America independently, so that your hands don’t have to be on the steering wheel. “Ultra Cruise” is intended for upper-class vehicles, the slimmed-down “Super Cruise” for cheaper GM cars. Last year, however, the GM subsidiary Cruise, which is responsible for autonomous driving, reduced the workforce.

In the electric vehicle business, GM wants to compete with Tesla’s Model Y with an SUV for around 30,000 dollars, but did not provide any information on the possible launch date. Like the entire industry, the group is currently being held back by chip bottlenecks.

At the beginning of this year, GM announced that it would make its production and products climate neutral by 2040. This marked a U-turn after the group had previously sided with the then US President Donald Trump, California had the privilege of having its own CO2-Default standards.


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