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Will GM's Bet on Battery Tech Jumpstart the Transition to Electric Cars?
Whether General Motors survives "depends in part on whether its bets on battery technology pay off," writes the Wall Street Journal. At $33,600 the company's Chevy Equinox is one of the cheapest EVs in America (only $5,000 more than the gas-powered model). "But it also recently announced a novel...
Whether General Motors survives "depends in part on whether its bets on battery technology pay off," writes the Wall Street Journal.At $33,600 the company's Chevy Equinox is one of the cheapest EVs in America (only $5,000 more than the gas-powered model). In the long run, however, GM's focus on creating a North American supply chain for batteries could prove savvy, says David Whiston, U.S. auto equities analyst at Morningstar. "If GM can continue to grow demand for its EVs, in a few years the rollout of its latest tech could give it a price and performance advantage..." the article points out.
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