CEO Mary Barra at the General Motors all-electric vehicle assembly plant in Detroit, the US. Picture: EMILY ELCONIN/BLOOMBERG
Executives also plan to detail GM’s push to go from selling just about 44,000 EVs this year in the US — at a loss — to profitably becoming one of the nation’s biggest EV producers, said the people, who asked not to be named because the presentation has not been made public. The Detroit carmaker is working to use its large network of plants and suppliers to catch Tesla’s dominant position in EVs. Bank of America analyst John Murphy forecasts GM could pass Tesla in EV sales in 2025 simply because GM will offer more models and have more production by then.
On October’s quarterly earnings call, Barra said this week’s presentation will “go deeper into the second phase of our EV growth strategy”. The second and third phases of GM’s plan to double revenue and improve margins include expanding Ultium and using the Ultifi software platform to create other services, she said.