General Motors’ Chief Executive Officer, Mary Barra, recently announced that the company has successfully addressed battery-manufacturing issues that were hindering the profitability of its electric vehicles. Barra expressed confidence that these problems have been resolved and that G.M.’s electric cars will soon become profitable investments for the company.
Barra’s statement comes amid increasing competition in the electric vehicle market, with rival companies such as Tesla gaining significant market share. General Motors has been working to expand its lineup of electric vehicles and improve their overall performance to stay competitive in this rapidly changing industry.
Barra emphasized the importance of focusing on sustainability and innovation in the automotive sector, highlighting the need for companies to invest in clean energy technologies. General Motors has made significant strides in this area, with plans to invest $27 billion in electric and autonomous vehicles by 2025.
Despite ongoing challenges, Barra remains optimistic about the future of electric vehicles at General Motors. She expressed confidence in the company’s ability to overcome obstacles and achieve profitability in this fast-growing market. General Motors is committed to investing in sustainable technologies and driving innovation in the automotive industry as it continues to expand its electric vehicle offerings.
Overall, Barra’s statement reflects General Motors’ commitment to sustainability and innovation in the electric vehicle market. By addressing battery-manufacturing issues and focusing on profitability, the company is positioning itself for success in this increasingly competitive industry.
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