In announcements Wednesday ahead of a two-day investor event in suburban Detroit, the company also pledged to unseat Tesla and become the electric vehicle market share leader in U.S., although no time frame was given.
GM took in $122.5 billion in revenue in 2020, a year that was depressed by the arrival of the novel coronavirus pandemic. Doubling it would be close to $250 billion. Another revenue source will be Ultra Cruise, GM's next generation of electronic hands-free driver-assist system that will be able to take on 95% of driving tasks. The company said the system, due in selected Cadillac luxury vehicles in 2023, will be a “virtually door-to-door hands-free driving experience.”
To capture U.S. electric vehicle market share leadership, GM plans to spend $35 billion to roll out more than 30 new battery vehicles globally by 2025. The company has set a goal of selling only electric passenger vehicles by 2035. “That's why we believe that we're going to attract those customers,” Barra said. “she said. ”There's a lot of things that we have that when we put our foot on the accelerator pedal, we can really move quite profitably.“
Oooh Cadillac SuperCruise gets upgraded to UltraCruise for “95%” driveless experience
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