Company Of The Day: General Motors
What?
General Motors (NYSE:GM) intends to launch over 15 electric vehicles model in China by 2025. The vehicles will be based on the Ultium platform developed for the Chinese market.
So What?
China is the world’s largest EV market by far and GM’s success here will be key for its long-term growth. The company plans to have a production capacity of over 1 million EVs in the country by 2025.
Returns | Nov 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
GM Return | 2% | -32% | 15% |
S&P 500 Return | 4% | -16% | 80% |
Trefis Multi-Strategy Portfolio | 4% | -19% | 221% |
[1] Month-to-date and year-to-date as of 11/25/2022
[2] Cumulative total returns since the end of 2016