EVLN: GM sez their EVs will be profitable by 2021

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EVLN: GM sez their EVs will be profitable by 2021

Electric Vehicle Discussion List mailing list


http://www.autocar.co.nz/autocar-news-app/gm-reckons-it-will-make-profits-on-electric-vehicles-by-2021
GM reckons it will make profits on electric vehicles by 2021
10 Jan 2018  Robert Barry

[image  / GM
http://www.autocar.co.nz/_Commercial/_News/2018-Dump-January/2017-MAVEN-LA-018.jpg
]

General Motors (GM) has announced it will be launching at least 20 all-new
electric vehicles (EV) by 2023 and it is working with Chinese partner SAIC
to develop new and more cost efficient EV production facilities in China to
produce them.

According to Reuters, GM chief executive officer Mary Barra has made a
promise to investors that the company will make a profit on selling EV by
2021.

In November 2017 at a Wall Street function hosted by Barclays, Barra told
analysts that GM is developing an all-new platform for battery electric
vehicles that is different to the one currently used in the Bolt EV which
will lower production costs and make the vehicles more profitable.

“One of the things we'll be doing is structurally integrating the batteries
into the architecture. This will allow us to take out cost and gives us
better flexibility from a design perspective,” says Barra.

“We will have modular [battery] cell chemistry solutions that will allow us
to enter multiple segments off of this platform and really support all of
the customer demands,” she says.

“We'll also have the ability, which we have today, to manufacture battery
packs at scale, both in China and the United States. So the result is a very
modular battery platform that's going to give us tremendous flexibility to
meet customer demands and to lower cost,” says Barra.

According to Reuters, Barra also says that GM expects its battery cell cost
to fall from U.S $145 per kilowatt-hour (kWh) in the Chevy Bolt, to less
than U.S $100 per kWh with the new platform.

While Barra didn't give specifics at the Barclays function, she also told
the assembled analysts that GM is improving the design of its battery packs,
making them lower in height which makes them easier to mount into the floor
of a vehicle and also modular, so that small and large battery packs can be
assembled from common components.

According to Reuters, the Chevrolet Bolt was the first mass-produced
electric vehicle to go more than 200 miles (320km) between charges, and sell
under U.S $40,000.

GM sold 23,297 Bolts in 2017 while Tesla produced 1,770 of its U.S $35,000
Model 3, well short of the company’s original targets.
[© autocar.co.nz]


+
http://thenewswheel.com/cadillac-set-to-receive-a-disproportionate-share-of-gms-upcoming-electric-vehicles/
Cadillac Set to Receive a “Disproportionate” Share of GM’s Upcoming Electric
Vehicles
January 31, 2018  Cadillac could soon be returning to its roots as the GM
brand where new technology is introduced to the masses. A few months ago,
The News Wheel reported that Buick would likely lead the …
http://thenewswheel.com/wp-content/uploads/2016/12/Cadillac-CT6-Plug-In-for-China-760x605.jpeg


http://www.livemint.com/Leisure/tYA6haBUYX2exvtUJxq2eI/Nissan-braintovehicle-technology-What-if-cars-could-read.html
Nissan brain-to-vehicle technology: What if cars could read your mind?
Jan 27 2018  Now, Japanese car-maker Nissan has unveiled a new
brain-to-vehicle (B2V) technology that will enable autonomous cars to learn
from the human brain and ... which is still in the concept stage, will be a
part of autonomous vehicles ... the autonomous system in the vehicle will
able to take actions—such as turning the steering wheel or slowing the car
...
http://www.livemint.com/rf/Image-621x414/LiveMint/Period2/2018/01/27/Photos/Processed/nissan2-kSiF--621x414@...





For EVLN EV-newswire posts use:
 http://evdl.org/archive/


{brucedp.neocities.org}

--
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Re: EVLN: GM sez their EVs will be profitable by 2021

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I guess that's a good development. Makes one go hmmm when you think about past claims about the GM EV1 (and also EVs in general) being impossible to make profitably. Sunk costs and ongoing R&D costs can be manageable when you look at them with the right scale.


On February 4, 2018 9:19:19 PM CST, brucedp5 via EV <[hidden email]> wrote:

>
>
>http://www.autocar.co.nz/autocar-news-app/gm-reckons-it-will-make-profits-on-electric-vehicles-by-2021
>GM reckons it will make profits on electric vehicles by 2021
>10 Jan 2018  Robert Barry
>
>[image  / GM
>http://www.autocar.co.nz/_Commercial/_News/2018-Dump-January/2017-MAVEN-LA-018.jpg
>]
>
>General Motors (GM) has announced it will be launching at least 20
>all-new
>electric vehicles (EV) by 2023 and it is working with Chinese partner
>SAIC
>to develop new and more cost efficient EV production facilities in
>China to
>produce them.
>
>According to Reuters, GM chief executive officer Mary Barra has made a
>promise to investors that the company will make a profit on selling EV
>by
>2021.
>
>In November 2017 at a Wall Street function hosted by Barclays, Barra
>told
>analysts that GM is developing an all-new platform for battery electric
>vehicles that is different to the one currently used in the Bolt EV
>which
>will lower production costs and make the vehicles more profitable.
>
>“One of the things we'll be doing is structurally integrating the
>batteries
>into the architecture. This will allow us to take out cost and gives us
>better flexibility from a design perspective,” says Barra.
>
>“We will have modular [battery] cell chemistry solutions that will
>allow us
>to enter multiple segments off of this platform and really support all
>of
>the customer demands,” she says.
>
>“We'll also have the ability, which we have today, to manufacture
>battery
>packs at scale, both in China and the United States. So the result is a
>very
>modular battery platform that's going to give us tremendous flexibility
>to
>meet customer demands and to lower cost,” says Barra.
>
>According to Reuters, Barra also says that GM expects its battery cell
>cost
>to fall from U.S $145 per kilowatt-hour (kWh) in the Chevy Bolt, to
>less
>than U.S $100 per kWh with the new platform.
>
>While Barra didn't give specifics at the Barclays function, she also
>told
>the assembled analysts that GM is improving the design of its battery
>packs,
>making them lower in height which makes them easier to mount into the
>floor
>of a vehicle and also modular, so that small and large battery packs
>can be
>assembled from common components.
>
>According to Reuters, the Chevrolet Bolt was the first mass-produced
>electric vehicle to go more than 200 miles (320km) between charges, and
>sell
>under U.S $40,000.
>
>GM sold 23,297 Bolts in 2017 while Tesla produced 1,770 of its U.S
>$35,000
>Model 3, well short of the company’s original targets.
>[© autocar.co.nz]
>
>
>+
>http://thenewswheel.com/cadillac-set-to-receive-a-disproportionate-share-of-gms-upcoming-electric-vehicles/
>Cadillac Set to Receive a “Disproportionate” Share of GM’s Upcoming
>Electric
>Vehicles
>January 31, 2018  Cadillac could soon be returning to its roots as the
>GM
>brand where new technology is introduced to the masses. A few months
>ago,
>The News Wheel reported that Buick would likely lead the …
>http://thenewswheel.com/wp-content/uploads/2016/12/Cadillac-CT6-Plug-In-for-China-760x605.jpeg
>
>
>http://www.livemint.com/Leisure/tYA6haBUYX2exvtUJxq2eI/Nissan-braintovehicle-technology-What-if-cars-could-read.html
>Nissan brain-to-vehicle technology: What if cars could read your mind?
>Jan 27 2018  Now, Japanese car-maker Nissan has unveiled a new
>brain-to-vehicle (B2V) technology that will enable autonomous cars to
>learn
>from the human brain and ... which is still in the concept stage, will
>be a
>part of autonomous vehicles ... the autonomous system in the vehicle
>will
>able to take actions—such as turning the steering wheel or slowing the
>car
>...
>http://www.livemint.com/rf/Image-621x414/LiveMint/Period2/2018/01/27/Photos/Processed/nissan2-kSiF--621x414@...
>
>
>
>
>
>For EVLN EV-newswire posts use:
> http://evdl.org/archive/
>
>
>{brucedp.neocities.org}
>
>--
>Sent from:
>http://electric-vehicle-discussion-list.413529.n4.nabble.com/
>_______________________________________________
>UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub
>http://lists.evdl.org/listinfo.cgi/ev-evdl.org
>Please discuss EV drag racing at NEDRA
>(http://groups.yahoo.com/group/NEDRA)
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Re: EVLN: GM sez their EVs will be profitable by 2021

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The GM CEO is now a woman so management should be different and greatly
improved.

On 2/4/2018 8:16 PM, Haudy Kazemi via EV wrote:

> I guess that's a good development. Makes one go hmmm when you think about past claims about the GM EV1 (and also EVs in general) being impossible to make profitably. Sunk costs and ongoing R&D costs can be manageable when you look at them with the right scale.
>
>
> On February 4, 2018 9:19:19 PM CST, brucedp5 via EV <[hidden email]> wrote:
>>
>>
>> http://www.autocar.co.nz/autocar-news-app/gm-reckons-it-will-make-profits-on-electric-vehicles-by-2021
>> GM reckons it will make profits on electric vehicles by 2021
>> 10 Jan 2018  Robert Barry
>>
>> [image  / GM
>> http://www.autocar.co.nz/_Commercial/_News/2018-Dump-January/2017-MAVEN-LA-018.jpg
>> ]
>>
>> General Motors (GM) has announced it will be launching at least 20
>> all-new
>> electric vehicles (EV) by 2023 and it is working with Chinese partner
>> SAIC
>> to develop new and more cost efficient EV production facilities in
>> China to
>> produce them.
>>
>> According to Reuters, GM chief executive officer Mary Barra has made a
>> promise to investors that the company will make a profit on selling EV
>> by
>> 2021.
>>

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Re: EVLN: GM sez their EVs will be profitable by 2021

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She’s been CEO since Jan 2014 she was elected chairman of the board in 2016

Sent from my iPhone

> On Feb 5, 2018, at 11:09 AM, Gail Lucas via EV <[hidden email]> wrote:
>
> The GM CEO is now a woman so management should be different and greatly improved.
>
>> On 2/4/2018 8:16 PM, Haudy Kazemi via EV wrote:
>> I guess that's a good development. Makes one go hmmm when you think about past claims about the GM EV1 (and also EVs in general) being impossible to make profitably. Sunk costs and ongoing R&D costs can be manageable when you look at them with the right scale.
>>> On February 4, 2018 9:19:19 PM CST, brucedp5 via EV <[hidden email]> wrote:
>>>
>>>
>>> http://www.autocar.co.nz/autocar-news-app/gm-reckons-it-will-make-profits-on-electric-vehicles-by-2021
>>> GM reckons it will make profits on electric vehicles by 2021
>>> 10 Jan 2018  Robert Barry
>>>
>>> [image  / GM
>>> http://www.autocar.co.nz/_Commercial/_News/2018-Dump-January/2017-MAVEN-LA-018.jpg
>>> ]
>>>
>>> General Motors (GM) has announced it will be launching at least 20
>>> all-new
>>> electric vehicles (EV) by 2023 and it is working with Chinese partner
>>> SAIC
>>> to develop new and more cost efficient EV production facilities in
>>> China to
>>> produce them.
>>>
>>> According to Reuters, GM chief executive officer Mary Barra has made a
>>> promise to investors that the company will make a profit on selling EV
>>> by
>>> 2021.
>>>
>
> _______________________________________________
> UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub
> http://lists.evdl.org/listinfo.cgi/ev-evdl.org
> Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA)
>

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Re: EVLN: GM sez their EVs will be profitable by 2021

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In reply to this post by Electric Vehicle Discussion List mailing list
Haudy Kazemi via EV wrote:
> I guess that's a good development. Makes one go hmmm when you think about past claims about the GM EV1 (and also EVs in general) being impossible to make profitably. Sunk costs and ongoing R&D costs can be manageable when you look at them with the right scale.

What matters most to me is what they *do*... not what they say. GM has
had a terrible history of saying one thing, and doing another. The EV1
was only a recent example.

I found it more worrying that they are talking about having their cars
developed and built in China.

--
It is vanity to do with more that which can be done with less.
         -- William of Ockham
--
Lee Hart, 814 8th Ave N, Sartell MN 56377, www.sunrise-ev.com
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Re: EVLN: GM sez their EVs will be profitable by 2021

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In reply to this post by Electric Vehicle Discussion List mailing list
Reading the last of the original post, copied below, it would seem Mary
has made a lot of positive progress in just a few years. If not thwarted
by political pressure she may be able to continue in her environmentally
correct direction. I love the Tesla but don't think the EV movement
should be a competition between them and other vehicles. Collaboration
to make the ICE an obsolete technology would be better.


According to Reuters, the Chevrolet Bolt was the first mass-produced
electric vehicle to go more than 200 miles (320km) between charges, and
sell under U.S $40,000.

GM sold 23,297 Bolts in 2017 while Tesla produced 1,770 of its U.S
$35,000 Model 3, well short of the company’s original targets.

On 2/5/2018 10:09 AM, paul dove wrote:

> She’s been CEO since Jan 2014 she was elected chairman of the board in 2016
>
> Sent from my iPhone
>
>> On Feb 5, 2018, at 11:09 AM, Gail Lucas via EV <[hidden email]> wrote:
>>
>> The GM CEO is now a woman so management should be different and greatly improved.
>>
>>> On 2/4/2018 8:16 PM, Haudy Kazemi via EV wrote:
>>> I guess that's a good development. Makes one go hmmm when you think about past claims about the GM EV1 (and also EVs in general) being impossible to make profitably. Sunk costs and ongoing R&D costs can be manageable when you look at them with the right scale.
>>>> On February 4, 2018 9:19:19 PM CST, brucedp5 via EV <[hidden email]> wrote:
>>>>
>>>>
>>>> http://www.autocar.co.nz/autocar-news-app/gm-reckons-it-will-make-profits-on-electric-vehicles-by-2021
>>>> GM reckons it will make profits on electric vehicles by 2021
>>>> 10 Jan 2018  Robert Barry
>>>>
>>>> [image  / GM
>>>> http://www.autocar.co.nz/_Commercial/_News/2018-Dump-January/2017-MAVEN-LA-018.jpg
>>>> ]
>>>>
>>>> General Motors (GM) has announced it will be launching at least 20
>>>> all-new
>>>> electric vehicles (EV) by 2023 and it is working with Chinese partner
>>>> SAIC
>>>> to develop new and more cost efficient EV production facilities in
>>>> China to
>>>> produce them.
>>>>
>>>> According to Reuters, GM chief executive officer Mary Barra has made a
>>>> promise to investors that the company will make a profit on selling EV
>>>> by
>>>> 2021.
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Re: EVLN: GM sez their EVs will be profitable by 2021

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In reply to this post by Electric Vehicle Discussion List mailing list


On 2/5/2018 11:27 AM, Lee Hart via EV wrote:
>
> What matters most to me is what they *do*... not what they say. GM has
> had a terrible history of saying one thing, and doing another. The EV1
> was only a recent example.

At least they are selling their cars now so they can't take them back
and crush them. And drivers seem to like them.

>
> I found it more worrying that they are talking about having their cars
> developed and built in China.

That also bothered me as I have tried for years to buy American made
products whenever available. Perhaps current administration will weigh
in on the China policy.
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Re: EVLN: GM sez their EVs will be profitable by 2021

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> On Feb 5, 2018, at 11:39 AM, Gail Lucas via EV <[hidden email]> wrote:
>
>> On 2/5/2018 11:27 AM, Lee Hart via EV wrote:
>> What matters most to me is what they *do*... not what they say. GM has had a terrible history of saying one thing, and doing another. The EV1 was only a recent example.
>
> At least they are selling their cars now so they can't take them back and crush them. And drivers seem to like them.

I am one of those owners that seems to like his Bolt. I’ve had it for a little over a year and it is a far better car and EV than my previous Nissan Leaf. I even like it better than than Honda EVPlus I had from 1997 through 2003.


Ed
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