will have nine EVs on the market in North America this year alone, and projects capacity of 1 million EVs here by 2025. It is also targeting $50 billion in annual revenue from EVs by that year. "With over 100 EV models expected to be available to U.S.
consumers by 2025 and GM making such an aggressive bet on EVs," Garrett Nelson, senior equity analyst at CFRA Research, said in a note Tuesday morning,"we view the risk of market oversaturation as very high and an industry pricing war should pressure margins.
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