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  • William Maley
    William Maley

    GM Expects To Make A Profit On EVs With the Launch of A New Platform

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    General Motors CEO Mary Barra spoke yesterday at the Barclays Global Automotive Conference in New York. During her talk, Barra said the company expects to make a profit off electric vehicles once they launch their next-generation EV platform.

    “We are working to provide desirable, obtainable and profitable vehicles that deliver a range of over 300 miles. There’s a lot of really creative things we’re doing to achieve that profitability point for that new platform,” Barra said to investors.

    The next-generation modular platform, due in 2021 will play a pivotal role in GM's plan to launch 20 all-new electric and hydrogen fuel cell vehicles by 2023. The platform will help drop the total per-unit cost by 30 percent or more. It will be used across a number of GM brands and various segments.

    GM is also working on a new battery system that will cut the per-kilowatt-hour from $145 to under $100 by 2021.

    Before these two launches, GM will be introducing four new EV and hydrogen vehicles. Two of those will be launch by April 2019 according to a GM spokesman. At least two vehicles will be small crossovers according to Automotive News. It is expected the electric models will use the underpinnings of the Chevrolet Bolt.

    The company has a set a goal of a million electric vehicles by 2026 - with most happening in China due to their strict production quotas for EVs. 

    Source: Automotive News (Subscription Required), Reuters

    Edited by William Maley

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    Awesome news to hear they already are working on EV platform 2.0 and have plans to have it profitable. This is outstanding news.

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    1 hour ago, William Maley said:

    There’s a lot of really creative things we’re doing to achieve that profitability point for that new platform,”

    Ahhhh exactly what I want to read.. 

    Super expensive powertrain and technology but it'll be in a tin shell with no insulation and plastic seats. 

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    3 minutes ago, ccap41 said:

    Ahhhh exactly what I want to read.. 

    Super expensive powertrain and technology but it'll be in a tin shell with no insulation and plastic seats. 

    I hope not as one of the things that I love about the bolt is the triple seals on the door and the vault like solid nature of the auto and how quiet it is. If only they would drop or give an alternative color to that damn white V accent, my wife would say lets buy one.

    Happy Wife, Happy Life!

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    1 hour ago, dfelt said:

    Awesome news to hear they already are working on EV platform 2.0 and have plans to have it profitable. This is outstanding news.

    GM is flawed, but they always seem to come through in the end. Were I a betting man I would have no trouble betting money on their success..

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    7 minutes ago, A Horse With No Name said:

    GM is flawed, but they always seem to come through in the end. Were I a betting man I would have no trouble betting money on their success..

    Yes GM starts with a lot of meh.  Then again, who starts perfectly and never drops the ball on execution?

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    9 minutes ago, A Horse With No Name said:

    GM is flawed, but they always seem to come through in the end. Were I a betting man I would have no trouble betting money on their success..

    Makes me want to buy stock in them! Now to find the money. :P 

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    58 minutes ago, dfelt said:

    Makes me want to buy stock in them! Now to find the money. :P 

    As part of my investment portfolio, I do have some auto stocks...Ford, GM, FCA, Daimler, Tesla... 

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    I like the looks on the small crossover.   I wouldn't buy a crossover, but given the proportions designers have to work with on compact crossovers, I think that one looks pretty good.

    These batteries will come down in price.  Probably by 2026 the batteries will be $60 per kilowatt hour.

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    12 hours ago, ccap41 said:

    Ahhhh exactly what I want to read.. 

    Super expensive powertrain and technology but it'll be in a tin shell with no insulation and plastic seats. 

    I was thinking the same thing...but along the lines of cheapening out on some sort of automotive part by reducing the amount of material used by making it smaller and saving about 3 cents per unit and when the part gets old by 5 years or so and the car hits a bump...the part fails in such a way that for whatever reason locks the steering wheel from turning and prevents the airbag in deploying when the car goes boom...

    But for me to say such a thing maybe trolling...GM would never do that....

     

     

     

    Edited by oldshurst442
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    As companies get better at EVs, they'll continue to be simpler to build than ICEs. That's where I expect a lot of efficiency to come from. There will be a greater percentage of common parts shared among different models.

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    6 hours ago, Drew Dowdell said:

    A Trax EV with a 225+ mile range would be just about the smartest EV move GM could make.

    Gotta have 300+ and I don't see a charge port door in GM's typical location on the fender.  Would be a cool little trucklet with the whisper diesel.

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    2 hours ago, ocnblu said:

    Gotta have 300+ and I don't see a charge port door in GM's typical location on the fender.  Would be a cool little trucklet with the whisper diesel.

    I agree that a small Trucklet EV would make total sense especially as it would fit in for the local city and county gov that need a truck that actually drives very little for park maintenance, as well as for inner city dwellers that want a mini truck for Home Depot or Lowes runs.

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    23 hours ago, Drew Dowdell said:

    A Trax EV with a 225+ mile range would be just about the smartest EV move GM could make.

    Trax is too small, Equinox size is better.  GM needs a crossover in between Equinox and Traverse too, that is a good place to put an EV.

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    On 11/16/2017 at 11:44 PM, Drew Dowdell said:

    As companies get better at EVs, they'll continue to be simpler to build than ICEs. That's where I expect a lot of efficiency to come from. There will be a greater percentage of common parts shared among different models.

    Efficiency can too easily equate to totally boring homogeny.  This should be seen as a real threat to the enjoyment of the personal car, and when enjoyment diminishes, lower sales follow, and on and on.

    This is why I will continue to rail against automotive electrification... it instills a numbing sameness that will suck all the joy out.

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    6 hours ago, ocnblu said:

    Efficiency can too easily equate to totally boring homogeny.  This should be seen as a real threat to the enjoyment of the personal car, and when enjoyment diminishes, lower sales follow, and on and on.

    This is why I will continue to rail against automotive electrification... it instills a numbing sameness that will suck all the joy out.

    Did someone forget about those F&F days?:P

    There too many folks in this world to all be doing the same, exact thing . Not that I was a big fan of fart cans and wings, but some of us just want to enjoy our rides, not matter what they are. We really can't change the times my friend, only finding a way to make it our own.

    Besides, ICE will never truly go away....just won't be as big.....

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    12 hours ago, ocnblu said:

    Efficiency can too easily equate to totally boring homogeny.  This should be seen as a real threat to the enjoyment of the personal car, and when enjoyment diminishes, lower sales follow, and on and on.

    This is why I will continue to rail against automotive electrification... it instills a numbing sameness that will suck all the joy out.

    You do realize that your 1st paragraph has NOTHING to do with EVs, right?

    Hate on EVs all you want...homogeny started a looooong time ago....

    Example:

     

    Camaro

    4thgen_steering.jpg

    Firebird

    pontiac-firebird-interior-1.jpg

    Only the the steering wheel is different...

    Camaro

    L03RS-2.jpg

     

    Firebird

    205596d1283122138-classic-cool-diy-tbi-d

     

    Monte Carlo

    stock-monte-carlo-305-ho-v8-great-color-

     

    Oldsmobile 1986 Cutlass Supreme 442

    Cutlass-442-1986-engine.jpg

    And of course the not so high output 5.0s found in California Corvettes, Caprices, Fleetwoods and the like!

    In the other thread you were saying that it be the same platform and only the shell will differentiate???

    Like this?

    gm-a-body-2-and-4-door-sedans.jpg

    gm-w-body-sedans.jpg

    gm-n-body-sedans-calais-grand-am-skylark

    gm-h-body-coupes.jpg?resize=572,573

    GM homogenized its engines in the 1970s...over 40 years ago!

    The 1980s gave us what I posted above...

    It only got worse from there?

    NO!

    It got better differentiated.

    The EVs will be the same...better differentiation between the cars...

    Hell...EVs cant get any worse than this sameness:

    2002_chevrolet_camaro_2dr-hatchback_z28_

     

    5e6076eb-5718-4528-afe8-71d54c3d5e4e_zps

     

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    13 hours ago, ocnblu said:

    Efficiency can too easily equate to totally boring homogeny.  This should be seen as a real threat to the enjoyment of the personal car, and when enjoyment diminishes, lower sales follow, and on and on.

    This is why I will continue to rail against automotive electrification... it instills a numbing sameness that will suck all the joy out.

    You're about 3 decades late.  The Generic Asian Sedan put most of the sameness into cars that we have today. 

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    57 minutes ago, Drew Dowdell said:

    You're about 3 decades late.  The Generic Asian Sedan put most of the sameness into cars that we have today. 

    Nah, you're wrong.  What's happened up to now is nowhere near the sameness we are in for.

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    15 minutes ago, ocnblu said:

    The red arrow, does that mean I'm a hottie below the belt?

    If it makes you hot that you think another male thinks you are hot below the belt...than sure...

    Why not!

    Just to let you know though...I knew at a very early age that I dig females. Only females.

    But I am comfortable with MY sexuality to help you come out of the closet if it means that I got to compliment your...um...manhood...

    Enjoy...and good luck in your newfound sexuality...

     

    Edited by oldshurst442
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