The CEO of Tesla ( GM ), Bill Rigby , has announced the company will launch a range of electric vehicles (EVs) in 2021 and is intending that they should be profitable. Rival GM manufacturer General Motors has continued to make losses, as other companies seek ways to make money from the new technology. Barra said GM will have the ability to manufacture high volumes of the new batteries at plants in the United States and China. GM hopes to make its vehicles cheaper by developing a new battery system that will be 30% less expensive than existing lithium-ion ones. It aims to bring the cost of batteries down to $ 100 per kilowatt-hour and increase the vehicles' range to 238 miles between charges.
The CEO of Tesla ( GM ), Bill Rigby , has announced the company will launch a range of electric vehicles (EVs) in 2021 and is intending that they should be profitable. Rival GM manufacturer General Motors has continued to make losses, as other companies seek ways to make money from the new technology. GM hopes to make its vehicles cheaper by developing a new battery system that will be 30% less expensive than existing lithium-ion ones. It aims to bring the cost of batteries down to $ 100 per kilowatt-hour and increase the vehicles' range to 238 miles between charges.