Mary Barra Reiterates GM’s EV Commitments And Financial Investments

Mary Barra


However, there is still a long way to go to meet the lofty goal of ‘zero crashes, zero emissions and zero congestion’

This week, General Motors’ CEO Mary Barra published a blog post on LinkedIn to address the company’s all electric future. Last October, Barra made the announcement that 20 new all-electric vehicles would be released globally by 2023.

The Chevy Bolt EV has been in high demand globally and will see a production increase of 20% next quarter above the average production rate for the first 3 quarters. The 2019 Chevy Volt has also managed to stay relevant despite a significant increase in PHEV competition. On the other hand, the Cadillac CT6 PHEV has yet to gain a foothold.

In her LinkedIn blog post, Barra confirmed what was already widely expected. LG Electronics’ new facility in Hazel Park, Michigan will be supplying battery packs for the Chevrolet Bolt EV.

Chevrolet Bolt EV

The GM battery lab at the Global Technical Center in Warren Michigan will also be receiving “major enhancements” this fall including “new test chambers and advanced equipment to accelerate our next-generation battery architecture”. Automotive News reports that the facility will receive $28 million for the new upgrades this year.

The CEO also confirmed that the automaker will deliver a prototype vehicle capable of 180-miles of range in less than 10 minutes of charging.

Unsurprisingly, China is getting the bulk of the electric vehicle attention

Outside of the U.S., the diminutive Baojun E100 has been a surprise hit in China. Baojun is also launching a follow up to the little 2 seat-er this month. Creatively named the Baojun E200, the new model will have sleeker styling and longer range than the E100 sibling.  The Velite 6 PHEV will also be launching in China, although reports have indicated battery supplier issues might delay the launch.

These vehicles join the Baojun E100, Buick Velite 5 and Cadillac CT6 PHEV that are already on sale in the market. This focus on China was expected considering the country has rolled out stronger New Energy Vehicle requirements. Barra states “China is the world’s largest EV market and will be a large driver of global EV adoption.”

An InsideEVs source anonymous) was at a focus group this Summer, and confidently states THIS is GM's next all-electric vehicle - a compact utility offering under the Buick badge

As far as the United States, there have been no new electric vehicle announcements recently. Certainly the increase in Bolt EV production is a positive development. But much of this increase will actually go to meet the demand of other markets.

Still GM has embraced plug-ins in the U.S. more than any other traditional automaker. So we are excited for whatever their next move is. What we are waiting for is an announcement of the rumored Buick CUV that is based on the Chevy Bolt. We certainly hope General Motors has some news to share with us soon on this front.

Source: LinkedIn Post

Categories: Chevrolet, China

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54 Comments on "Mary Barra Reiterates GM’s EV Commitments And Financial Investments"

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Buick and electric in China go together like peanut butter and jelly on a sandwich.
Don’t expect much love for NA.

How and Why? Because of GOVERNMENT REGULATION? You know, that “evil” whereby the government picks the OBVIOUS Winners and the losers write checks to pols to keep themselves in business.

However, allow the losers to buy your politicians and you become a third world economy with NO Product to Sell: ( MAGA ).

Buick is viewed as an older person’s car in NA. GM should have used Saturn as their EV line. Already had the alternative dealership model needed to effectively sell EVs.

In fact, back when W/O had the car makers shut down brands, I was arguing on-line that we needed these companies to be broken into multiple car makers. Imagine Saturn and Hummer as a company. Hummer was PERFECT to convert to a multi-series hybrid. And Saturn? Yeah, BEV.

Saturn doesn’t m exist

That’s correct; that’s why he is saying “should have used” 🙂

Looks like the North American market is going to be the poor-stepchild of GM’s EV attention – seeing as it is voluntary here but somewhat mandatory in China.

180 miles in 10 minutes doesn’t mean much in a dealer showroom with no cars, just a ‘prototype’.

I’d rather see the effort being put forth to make a few larger cars.

Tesla’s model 3 apparently needs to cut into some sales in the states. Ford has already thrown in the towel in the entire Sedan market, selling them ongoing only oversees.

Maybe Ford’s BEV SUV and the Lincoln Aviator PHEV will light a bit more of a fire under Mary’s Can to actually sell something else here.

Plus incentives are often insanely generous in China and South Korea. Whereas they are going away for GM in the US. I have to imagine this will impact their global distribution also.

Allow China this huge lead in Solar, EV, Battery and Wind, and their economy’s of scale will give them the global market. And Electing Trump won’t help a bit. Actually Trump is killing the US economy.

“Actually Trump is killing the US economy”. Lol, talk is cheap and easy. Reality says otherwise: The best economy in decades, by any measure.

The economy has continued on an upward trajectory since March 2009. After the Wall Street and loose banking regulations caused the Great Recession. The economy is now in a sugar high from the couple trillion companies returned to shareholders. Taxing the money kept offshore at only 5-10%. Are you making the $4,000 – $9,000 more that Trump promised I don’t think so, but just like Trump you’ll say you did
Were gonna have a $800 billion budget deficit this year and you think we have a good economy. Eventually these bills will have to be paid.

What incentive does Tesla or other US manufacturers get in China. When the trade talks started China agreed to cut tariffs from 25% to 10%. After Trump imposed tariffs on steel and aluminum. China went back to imposing 25% tariffs on cars from the US.

That was on imports from the US to China not on vehicles manufactured in China by foreign automakers (typically with Chinese partners).

Actually China imposed an additional 25% on top of the old tariff which had been recently lowered to 10%.

Aside from the generally lower costs in China, this is why Tesla is planning an integrated (batteries and vehicles) (giga)factory in China which has agreed to let them do it without a local partner.

China’s highly educated leadership is good at innovation, science and economics.
That’s what we’re competing against.
They will make money off fixing, and not denying, global warming: Solar and Wind solutions.

Actually, NONE of the solutions are from China. They basically steal the tech that was developed in AMerica (and some in Europe) and then implement it there.

hard to believe that we bailed those vinger/water types out of debt.
And GM will ask us to do so again, in another 5 years or less.

vinger/water(sic)????? What does that mean?

“PowerPoint” engineering.

If you would have told me back in 2008-2010 or thereabouts that GM would be a significant contender in the xEV space, I would have laughed right in your face. And at that time out of the big 3 I would have told you Ford had a good head start and would have bet on them from the getgo with the great headstart they got with the Escape hybrid and the first gen Fusion hybrid that they actually bothered to do a modicum of advertising on at the time. However these days in retrospect they have clearly swapped places in that regard. In fact unless Ford can truly surprise us in the next couple years with a bevy of electrified vehicle options and actually offer them in the US nationwide, I’m putting all bets on GM continuing to be a big player. And I’ve never been a huge fan of GM due to various reasons over the past couple decades, not one of which is the bailout BS. Granted technically GM currently is a whole new company so that’s garnered a few extra points from me. But between of the Volt and the Bolt I am very happy with what… Read more »

Yes, what ever happened to the Escape Hybrid? And actually why aren’t ALL Ford productions now At Least hybrid??? The concept is 20 years old, it’s OLD Tech now.

The fact that Ford seems to NEED government regulation to innovate should Terrify any stock holder.

The Escape hybrid was replaced by the C-max hybrid and PHEV which are now out of production. Hopefully, Ford’s new crossover EV (and subsequent vehicles) will be the real deal.

They are also planning to make available hybrid and/or PHEV versions of most or all of their ICE vehicles though who knows what % of any given product line. That may depend on what happens with the CAFE standard rollback being pushed by Trump & Co..

The best you can say about GM is they are an EV follower, they certainly aren’t leading.

In truth, though, the Volt is excellent technology.
Can’t understand why it isn’t selling.
Except for the fact, that I myself passed on it because of lack of rear seat room, and head room. But, a wagon version could have fixed it.

How much does it cost compared to the ICE equivalent?

GM/Ford and various other companies have played around with Hybrids in the past (even making a pickup), but they’ve always been too expensive to entice customers to their benefits. Without government incentives or a significant reduction in cost they aren’t generally considered viable for consumers on a budget unfortunately. The cost is coming down and government incentives/legislation is helping reduce that disparity again. There are probably many companies that are wary about “wasting” money again on products that didn’t sell the first time.

Once bitten, twice shy is probably something we don’t consider enough in this discussion.

When will the fossil fuel industries stop getting subsidies. I mean really it’s over 100 years and they still need subsidies. Even fracking was a program paid by taxpayers to make fracking economical. So for 30 years the taxpayers paid colleges and industries to work on methods to reduce the cost of fracking.

Whether that is true or not, it’s irrelevant to the consumer. If the end result to the consumer is a higher cost for a hybrid system then they’ll stick with ICE. In return, with a lack of sales the manufacturers will not invest or produce more vehicles because they assume they won’t sell.

What exactly are these alleged subsidies you and many others claim exist, not what you think is true, real details please.

$7,500 tax-credit

It is just a talking point. They are repeating a myth.

If you really wanted to know all you would have to do is Google fossil fuel subsides.

Why do LICE manufacturers need govt to build markets for them? Why weren’t they at least doing hybrids a decade back, like Toyota with the Prius (eating the additional costs) to build their own markets?
The answer is sloth and greed.

Yes, a taller version of the Volt would interest me; it seems unacceptable to me the way it is (low and cramped).

More general is dependency on subsidies. Seeing a product that competes directly with the true competition (traditional vehicles) is what actually matters. We are currently seeing the early-adopter perspective being applied to mainstream consumers without understanding the difference.

Think about long-term verses short-term.

In other words, how is “leader” defined ?

Talk is cheap, let’s see some action. Once GM starts advertising and selling Bolts like they mean it, I’ll be more inclined to believe it.

Since production capacity is 30,000, they should at least advertise to keep that line fully utilized. Sufficient advertising to sell 30,001 Bolts.

I’d say advertise enough to sell about 35,000 to 40,000 Bolts and then raise the price to trim demand to 30,000.

That will REALLY make people happy. As Tesla (and many others) have shown, what you need is a compelling product and then it will sell (maybe even at a premium price).

Just a few little tweaks and the Bolt EV would be a much better car and would probably sell much better. GM is going to have to add some autonomous features like in Nissan ProPilot to stay relevant. Faster charging, better seats and a real tow package would also improve the car considerably.

Talk is cheap. Look at my GM is doing and has been going to roll back the fuel standards.

Yeah that’s where the legacy manufacturers and fossil fuel industries are spending there money. Paying lobbyist to weaken CAFE standards and flare off enough natural gas just in the Permian fields to supply all the natural gas annually to states like Montana ir New Hampshire.

If they could tie that gas into a system economically then they would. Oil companies don’t like flaring gas, because it’s something they can profit from, but if a pipeline just doesn’t make sense then it has to be burned.

There going to install pipelines to capture the natural gas but instead of waiting for a pipeline to be completed they start drilling and not capping the well prior to production. Cart before the horse.
Also when you waste a natural resource and release methane into the air, plus have laws that limit you to releasing no more than 2% of natural gas to flaring. That’s as criminal as it can be. However Scott Pruitt and his successor Wheeler are not interested in protecting the environment or the public or obeying the laws. They provide waivers to oil industries that allow them to flare off natural gas and reduce the amount of ethanol they need to add to gasoline hurting farmers.

I don’t think it took much lobbying, just an election where lazy Democrats stayed home and people voted Green instead of Democrat. That got us Bush the Younger also.

So you lower production by a third and now you’re going to raise it 20%.
I’m no math wizard but that seems to be a drop in production. Which is borne out by actual numbers not actual BS.

They never cut Bolt EV production, they are shipping more overseas.

In a hurried response to Tesla’s stunning dominance with their like-priced (eventually) mainstream mid-sized sedan, GM CEO trots out pro-EV chatter in an attempt to appear on the same mission of success. Meanwhile, the world awaits signs that GM will be electrifying their halo car or spending money on building a battery factory that would represent a commitment to manufacture even 1% of their vehicles as all-electric. Faced with news that a performance-oriented crossover, the Lucid Air, is quietly kicking tailpipe and taking names at the Laguna Seca racetrack, GM has realized that they will likely not be able to compete with Lucid, or the now-available Jaguar iPace any time soon. Hearing that the Tesla pickup truck is Elon’s next big R&D focus, CEO Barra wonders how long she can coast on her merits before she is canned for not bridling the future and owning the dialogue. Barra has a real problem on her hands: the Bolt EV costs GM money, it was really only released as a compliance car. With the thought that they may also be releasing another in the Buick brand, likely underperforming its competition in pure stats, Barra can’t pave a way to profitability on her… Read more »

They are on it… Their next platform (that has been in the works for a while, and should come to market in about two years I think?) is supposed to allow them at last to sell EVs at a profit.

(Same for most other legacy makers.)

So sad to see what has happened to the old US big 3…… Chrysler is already owned by Fiat — so we really only have the 2 legacy plus Tesla……I wonder how long before Tesla passes them all up?

It will take Tesla a little time to pass GM’s 10 million vehicles per year production.

That,s Toyota now; The new GM is a little below 8 million now and about half of that is by joint ventures in China.

…not after GM goes belly up…again.

Drive for two hours on the highway then charge for 20 minutes.

Proud Mary. Less talk and more walk. Your Bolt commitment to date is shall we say ‘disappointing.’

Lies from her a$$