Jump to content

GM News: Silverado Confirmed with Hummer SUV and Truck to be built at gm's Factory ZERO Plant


Recommended Posts

The Green Drive to one million EV's by 2025 with recognized leadership in North America will happen using gm's new Ultium Platform and Silverado's proven capability. GM confirmed today that the Silverado EV Truck will be built at Factory ZERO with a 400 mile gm-estimated range on full charge.

Today additional confirmation that the Silverado Pickup will come in a full range of Retail and fleet versions as customers have come to expect out of the ice trucks building on 100 years of truck expertise and leadership. This is gm's transiting start to an all-electric future in the light-vehicle space.

Achieving this leadership has been done by multiple teams in gm which has allowed them to reduce vehicle development time by 50 % to a 26 month cycle. To quote gm president Reuss:  “The vehicles coming from Factory ZERO will change the world, and how the world views electric vehicles,” 

Offering more options for customers to tailor the truck to their lifestyles, while encouraging people to forge new paths with zero emissions. Hummer EV Truck model 2022 is the first in a line of many EV options and the Hummer EV SUV 2024 model followed quickly by the Silverado.

2024-GMC-HUMMER-EV-SUV-004.jpg

This is on top of the Cadillac Lyriq coming first half of 2022, delivering a new standard of Luxury to the world.

Factory ZERO has grown to 4.5 million square feet as it under goes a renovation and retooling, the largest ever of any gm plant. This is the start of the new revolution of personal transportation taking gm into the next century.

Based on the EV Optimism gm stock has hit a 52 week high with an after hours trade today 4/6/2021 of $61.92 per share where one year ago the stock was trading at $19.55 per share. This gives gm a market cap of $89.25 Billion compared to a year ago at $29.7 Billion.

image.png

First-Ever Chevrolet Silverado Electric Pickup and GMC HUMMER EV SUV to be Built at GM's Factory ZERO Plant

LYRIQ Show Car Leads Cadillac Into Electric Future

General Motors | GM - Market Capitalization (tradingeconomics.com)

 


View full article

Link to post
Share on other sites
16 minutes ago, balthazar said:

What is this; every BE producer in every automotive market & country, or...?

See the part in bold. 
 

The Green Drive to one million EV's by 2025 with recognized leadership in North America will happen using gm's new Ultium Platform and Silverado's proven capability. GM confirmed

  • Thanks 2
Link to post
Share on other sites

400 miles would be a lot of range for a pickup, I assume that will be a big battery, so that one will probably be pricey.  But I imagine they will also have  a smaller battery pack at a lower price point also, and there is a market that will pay big money for a pickup.

Shareholders want EV's so car companies are going to build them no matter what.

  • Upvote 1
Link to post
Share on other sites
51 minutes ago, surreal1272 said:

See the part in bold. 
 

The Green Drive to one million EV's by 2025 with recognized leadership in North America will happen using gm's new Ultium Platform and Silverado's proven capability. GM confirmed

'GM confirmed' was part of the next sentence; it still wasn't clear if GM was part of that, or it was all GM.

Link to post
Share on other sites
12 minutes ago, balthazar said:

'GM confirmed' was part of the next sentence; it still wasn't clear if GM was part of that, or it was all GM.

Press release is from gm, so I have to assume that number they put in their press release is them.

  • Thanks 1
Link to post
Share on other sites

OK, that may well be what was meant. 

Only reason I'm wondering is- '1 million units in the U.S. by GM by 2025' is awful ambitious; seeing's how they sold 2.9 million in 2019 AND the Lyric isn't due until fall of '22 and is only the 2nd GM BE. Hummers aren't going to contribute much in the way of volume... so 1. where's all the product to achieve this, and 2. will consumers buy them?

  • Thanks 1
  • Upvote 2
Link to post
Share on other sites
12 hours ago, balthazar said:

OK, that may well be what was meant. 

Only reason I'm wondering is- '1 million units in the U.S. by GM by 2025' is awful ambitious; seeing's how they sold 2.9 million in 2019 AND the Lyric isn't due until fall of '22 and is only the 2nd GM BE. Hummers aren't going to contribute much in the way of volume... so 1. where's all the product to achieve this, and 2. will consumers buy them?

They won't even come close but BEV will become more mainstream.

Link to post
Share on other sites
12 hours ago, balthazar said:

OK, that may well be what was meant. 

Only reason I'm wondering is- '1 million units in the U.S. by GM by 2025' is awful ambitious; seeing's how they sold 2.9 million in 2019 AND the Lyric isn't due until fall of '22 and is only the 2nd GM BE. Hummers aren't going to contribute much in the way of volume... so 1. where's all the product to achieve this, and 2. will consumers buy them?

I suspect that Silverado is but the tip of mass production of BEV and we will see a wider release of various sized SUV/Truck BEV's that come in a much wider assortment of price and options.

You do bring up a very valid point and makes me wonder when they mention FLEET how much they might be counting on government, state, county and cities purchasing fleet EV Trucks to make up that number.

Link to post
Share on other sites

Lyric debuted a month or so ago, and it’s a ‘23. Hummer is also about that far off (different trims launch at different times). But have we even seen a camo’d test Silverado EV, nevermind a reveal? That has to be a ‘24 at this point.

Where’s this “million sales” possibly going to come from?

I agree that Gov’t sales will be a huge proportion, since Gov’t basically has no budget restrictions, but the entire federal fleet is only 650K as it is.

Unless GM is sitting on a dozen unseen-but-production-ready BE’s, they’re not going to hit 250K by 2025.

Edited by balthazar
  • Thanks 1
Link to post
Share on other sites

Green Car Reports does a fair assessment of what the Silverado will be and have and since the base platform being used for the Hummer is what the Silverado will use, they make some fair assessments on this truck.

Here’s what the Hummer EV tells us about the Chevy Silverado EV (greencarreports.com)

Link to post
Share on other sites
19 hours ago, balthazar said:

OK, that may well be what was meant. 

Only reason I'm wondering is- '1 million units in the U.S. by GM by 2025' is awful ambitious; seeing's how they sold 2.9 million in 2019 AND the Lyric isn't due until fall of '22 and is only the 2nd GM BE. Hummers aren't going to contribute much in the way of volume... so 1. where's all the product to achieve this, and 2. will consumers buy them?

They have to say that and aim for it, because GM could sell 3 million gas Silverados and Escalades this year and their stock price won't even move.    If they sell EV's investors will come and drive the stock price.   Electric is all investors care about, see Tesla as an example, they could go 10 more years without a profit and still be worth 20 times what Ford or GM are worth as a company.

 

I agree that it is ambitious, I am not sure where the sales will come from either.  Unless GM prices the EV Silverado the same as the gas Silverado and takes a loss on every one of them in the name of building stock price.   GM could take an income loss, use the loopholes in the tax code to basically make it not matter, and draw in investor money by the billions.

Edited by smk4565
Link to post
Share on other sites
6 hours ago, balthazar said:

Lyric debuted a month or so ago, and it’s a ‘23. Hummer is also about that far off (different trims launch at different times). But have we even seen a camo’d test Silverado EV, nevermind a reveal? That has to be a ‘24 at this point.

Where’s this “million sales” possibly going to come from?

I agree that Gov’t sales will be a huge proportion, since Gov’t basically has no budget restrictions, but the entire federal fleet is only 650K as it is.

Unless GM is sitting on a dozen unseen-but-production-ready BE’s, they’re not going to hit 250K by 2025.

I don't think they will find a million sales either, but they have to blow smoke to Wall Street.  

They also aren't going to find it with delivery trucks or driverless Uber vehicles, that self drive tech won't be ready for prime time by 2025.

Link to post
Share on other sites
7 minutes ago, smk4565 said:

GM could sell 3 million gas Silverados and Escalades this year and their stock price won't even move.    If they sell EV's investors will come and drive the stock price.

Uhhh, you're in the past on this one. GM sells only IC Silverados & Escalades, and the stock is ALREADY up over 300% over the last 12 months.

  • Upvote 1
Link to post
Share on other sites
27 minutes ago, balthazar said:

Uhhh, you're in the past on this one. GM sells only IC Silverados & Escalades, and the stock is ALREADY up over 300% over the last 12 months.

Tesla net income in 2020 was $721 million and they are worth $645 billion.

GM net income in 2020 was $6.25 billion and they are worth $85 billion.

And GM's stock price is probably up because they are saying they are going to be an EV company and changed their logo. 

Link to post
Share on other sites
27 minutes ago, smk4565 said:

Tesla net income in 2020 was $721 million and they are worth $645 billion.

GM net income in 2020 was $6.25 billion and they are worth $85 billion.

And GM's stock price is probably up because they are saying they are going to be an EV company and changed their logo. 

All based on nothing but cocktails and dreams

Cocktails & Dreams - OFFICIAL - YouTube

 

Lets be honest... 

GM is worth a helluva lot more than 85 billion.  Just the factory at Bowling Green Kentucky where they build the Corvette is worth 93 million dollars...   JUST the factory

How do I figure?

 The factory is 1 milllion sq. feet.   In Kentucky...sq foot is worth 93 bucks.

https://gmauthority.com/blog/gm/gm-facilities/gm-usa-facilities/gm-bowling-green-plant/

https://www.homes.com/kentucky/what-is-my-home-worth/

                                (Homes...not factories.  Just a quick research to prove a point)

93 million only for the damned building.  Robots and paints and tools and tables and chairs could fetch more money.   Then there is something called the Corvette...   THAT name ALONE is worth MORE than what Tesla has as vehicles all together...

 

Wallstreet up sellers and short sellers and fast money makers and con artists and thieves and get rich quick scammers and shyte disturbers and filth of the earth have set a price for Tesla that is high and set a price for gm that is low.  

Nothing more. Nothing less.

While Tesla is hot as a brand, the Mustang Mach E is currently cleaning Tesla's clock, in regards to the hot EV of the moment...

Ford...another company that Wallstreet wants to ignore...

Dont go there about stock price worth. 

Its smoke and mirrors.

 

 

 

 

Edited by oldshurst442
  • Upvote 1
Link to post
Share on other sites
53 minutes ago, oldshurst442 said:

All based on nothing but cocktails and dreams

Cocktails & Dreams - OFFICIAL - YouTube

 

Dont go there about stock price worth. 

Its smoke and mirrors.

 

Sure it is cocktails and dreams.

But CEO's of most companies are compensated in stock, and get bonuses based on stock price gains.  10% of Marry Barra's pay is salary, 90% is stock and bonus, so what is her top priority?  Drive the stock price.  She got $15.6 million in stock in 2019, if that stock price goes up, her net worth goes up.  

Investors don't care about ICE vehicles, they want EV's and self driving.  Case in point, Lucid Motors is expected to be worth $57 billion at their IPO, while they haven't even sold (or at least not delivered) a single car yet.  Meanwhile Ford is worth $49 billion, because Ford is the past, not the future, and investors put money on the future.

 

Link to post
Share on other sites
2 hours ago, smk4565 said:

Investors don't care about ICE vehicles

They why do investors hold 1.5 billion shares of GM?

 

2 hours ago, smk4565 said:

what is her top priority?  Drive the stock price.

That's a blind assumption on your part.

Edited by balthazar
  • Upvote 1
Link to post
Share on other sites
18 hours ago, smk4565 said:

But CEO's of most companies are compensated in stock, and get bonuses based on stock price gains.

Maybe true, for today's world.  Performance metrics are thrown out the window.  I wonder how long that kind of debauchery will last though.  Last time I checked, sales derived profits are what makes a business, any business, stay alive...

I wonder when all that imaginary money dries up, and there are no more idiot investors trying to make a quick buck STOP the money faucet, I wonder what all those  Wallstreet up sellers and short sellers and fast money makers and con artists and thieves and get rich quick scammers and shyte disturbers and filth of the earth will do?

Tesla is not going anywhere.  But they might NOT be an EV producin' entity though, if they do NOT give the world a gen two  Model S and Model X and gen two Model  3 and Model Y.   The Ford Mach E is getting conquest sales from Tesla...   

So when YOU are tooting Tesla's  stock market number right now, but when GM and VW and others start rolling their EVs Tesla is still rolling with their gen one Model S, Model X, Model 3 and , It wont mean much and  Im afraid Wallstreet WILL have to start lookin' at sales performance stats again...

Tesla IS ahead of everybody else in EV tech. Mostly in software programming of the battery metrics.  But THAT gap is QUICKLY closing from what I see Ford is doing (with the Mach E) and what GM is capable of doing with the Hummer EV.    By the time the full on EV Corvette comes on about, Im thinking that is when GM would have surpassed Tesla's tech.  

I keep on saying it, shyte on GM all you want, but the Corvette is proof positive of what the General is capable of doing.  And even Tesla hasnt accomplished what the C8 has both in terms of speed performance (The C8 is on the Model S' heels on a BASE model), mass production on an extremely expensive architecture AND turning a profit on it...   You know...what Wallstreet stock prices SHOULD be judged on...

In no time, GM will have plenty of EV models...  doubling and almost tripling Tesla's offerings. And then what do we talk about concerning  Wallstreet types wanting to see EVs and yelling from the rooftops Tesla Tesla Tesla???

 

  • Upvote 1
Link to post
Share on other sites

I find this interesting, clearly some problems in mixing up numbers such as dealerships listed as I think they flipped the GM and Tesla dealership / store numbers.

Interesting reading and I do not agree with this writers assessment especially in regards to Tesla. Yet he does make some valid points and Tesla might only have 13 billion on the books as debt, but then the stock value is what has driven the ability for Tesla to do what it is doing.

Is Tesla's Stock Overvalued? Key Comparisons to GM and Ford (tradestation.com)

image.png

Interesting that every year we seem to find some news outlet that compares Tesla to gm and Ford. From Jan 9th 2020 as a comparison over a year ago to the story above that was done today, April 8th 2021.

Tesla's Market Value Is Now Higher Than GM And Ford Combined (insideevs.com)

image.png

Link to post
Share on other sites
2 minutes ago, balthazar said:

^ Yes, the # of dealerships figures are switched.

Yes; Tesla's stock is terrifically over-weighted.

What's interesting is that Tesla has 50% of GM's employees but only builds 7% of GM's volume.

Yes, unless they can truly get profitable with much more production over the next 24 to 36 months, the OEMs of the Auto Industry are going to eat Tesla alive and they will not survive as an independent company.

Link to post
Share on other sites
7 hours ago, surreal1272 said:

And? That makes her just like EVERY OTHER company head, including companies like Daimler.

Right, every car company is going to push EV, regardless of whether consumers want them or ask for them, because shareholders want EVs, and self driving.  

Link to post
Share on other sites

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×
×
  • Create New...