GM might be the top company (not named Tesla) best positioned to thrive in a world of EVs, autonomous technology and mobility solutions. The giant profits GM generates from its pickup trucks, SUVs and China allows the company to finance its future of Zero Crashes, Zero Emissions, and Zero Congestion. The company has developed more EV, battery and autonomous vehicle capability than most people realize. While the recent reveal of the GMC Hummer EV is generating a lot of buzz, GM has been producing and selling the all-electric Chevrolet Bolt since 2016. GM acquired the autonomous company Cruise Automation in 2016 as well. And now companies like Walmart will use Cruise vehicles in a pilot program to deliver groceries as was announced this week. Wall Street is even beginning to notice. GM’s share price us up more than 100 percent since the early days of the coronavirus-induced shutdown of the automotive industry. This week UBS analyst, Patrick Hummel, described GM as “an aggressive electric vehicle company” versus a slow-growth legacy automaker. Many believe Tesla will win the future in a winner-take-all race toward electric, autonomous vehicles. However, GM is showing more evidence that it too will be a player in a future world of mobility solutions.
For a deeper explanation of GM’s capabilities, check out this Medium article on the topic.
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