GM And Ford Show Electric Pickups And SUVs Refute The EV Slowdown

Quick Summary:

General Motors (NYSE: GM) CEO Mary Barra assured investors that electrification is well underway with May being GM’s best ever EV sales month, defying the slowdown even the EV king, Tesla Inc (NASDAQ: TSLA), is struggling with.

The EV push is owed to ongoing growth for Cadillac Lyriq, Chevrolet Blazer EV, GMC Hummer EV and Chevrolet Silverado EV, but more will be known when GM reports its second quarter results in July.

GM did not officially alter its commitment to make all-electric vehicles by 2035, although some confusion was caused by Barra’s interview on Tuesday where she mentioned the EV transformation is going to happen over decades.

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Author / Journalist: Upwallstreet

Category: Technology

Markets: United States

Topics: Benzinga STLA GM News F US3453708600 US37045V1008 Contributors Tech Electric vehicles US88160R1014 TSLA WKSP Markets General Penny Stocks

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-05 @ 18:33:08 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 650 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21160566

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