Ford, GM race to brag 'We're Number 3!' in electric vehicle market

  • 📰 Reuters
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

General Motors Co and Ford Motor Co are revving up their century old rivalry, this time over which will sell more electric vehicles by 2025.

As the biggest Detroit carmakers struggle to escape from Tesla's shadow, the Motown matchup is like two football teams slugging it out using very different playbooks.to build a battery cathode materials plant in North America by 2024. The deal is part of the automaker's long-range plan to carefully construct a proprietary, vertically integrated EV machine that it will fully turn on only when costs fall and demand grows in the second half of the 2020s.

Despite their activity, both Detroit automakers are expected to lag well behind EV market leaders Tesla and VW through 2028, according to data provided by AutoForecast Solutions, whose production estimates are widely used across the industry. Forecasts call for the VW Group to reach 1.45 million EVs in 2025 and climb to 1.9 million in 2028, according to AFS data.GM's EV numbers look much thinner: 494,000 in 2025 and 624,000 in 2028. Those figures do not include production from the SAIC-GM-Wuling joint venture in China, which produces EVs under the Baojun and Wuling brands and in which GM is a minority shareholder.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

gm

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Prisemi IPO Mints China’s Latest Semiconductor Industry BillionaireChina is home to the world’s second-largest number of billionaires after the United States
Source: Forbes - 🏆 394. / 53 Read more »

US companies could vaccinate the world 10 times with extra 2021 profitsAmerican corporations could pay to vaccinate the world 10 times over with just their extra profits from 2021 But your headline ignores the resistance of people to taking the vaccine in places like Africa. 하나님께서는 자신들을 못 보신다는 것이 현대 교회의 생각입니다 RoadToMenengai4 메넹가이4_가는_길 从2021年起,美国公司只需支付额外利润,就可以为全世界接种疫苗10倍
Source: BusinessInsider - 🏆 729. / 51 Read more »