GM to boost EV profile with 40,000 charging stations in US, Canada

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 12%
  • Publisher: 66%

General Motors said on Tuesday it would install up to 40,000 electric-vehicle charging stations in the United States and Canada, as part of the automaker's US$750 million commitments to bolster its presence in the rapidly growing sector.The announcement comes just months after the No. 1 U.S. automaker sai

Singapore Headlines News

Singapore Latest News, Singapore Headlines

General Motors said on Tuesday it would install up to 40,000 electric-vehicle charging stations in the United States and Canada, as part of the automaker's US$750 million commitments to bolster its presence in the rapidly growing sector.

The company said on Tuesday it would expand home, workplace and public charging infrastructure through its Ultium Charge 360 ecosystem, adding that it would focus on installing them in rural and urban areas with limited access to support widespread adoption of EVs. Earlier this month, GM said it plans to double its revenue by 2030, indicating that it can build profitable software-driven services and take on Elon Musk's Tesla Inc.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla drives over US$1 trillion as investors bet the EV future is nowTesla surpassed US$1 trillion in market capitalisation on Monday (Oct 25) after landing its biggest-ever order from rental car company Hertz, a deal that reinforced the electric car leader's ambiti
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Evergrande, EV unit shares jump after chairman signals business shiftHONG KONG : Shares in China Evergrande Group shot up 4per cent on Monday after the embattled property developer announced plans to prioritise growth of its electric vehicles business over its core real estate operations.China Evergrande New Energy Vehicle Group Ltd stock jumped as much as 17per cent, vers
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Roche launches genomic profiling kit to ease cancer researchZURICH : Roche is launching a new genomic profiling kit that lets cancer researchers explore tumours without having to send tissue samples to centralised laboratories, the Swiss drugmaker said on Monday. The AVENIO Tumour Tissue Comprehensive Genomic Profiling (CGP) Kit was developed with Roche unit Found
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Another Chinese property developer defaults, shares dropHONG KONG/SHANGHAI :Modern Land reported a missed payment on Tuesday, the latest Chinese property developer to do so, adding to worries about spiralling effects of the debt crisis at behemoth China Evergrande Group and dragging on shares in the sector.China's state planner is set to meet with property firms c Evergrande EV is also another dodgy unit. Stay away. It is just a dead cat bounce.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China Evergrande's EV unit shares surge on business shift, Evergrande sinks
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

LG Chem Q3 results miss estimates, hit by GM Bolt recall costSEOUL :South Korea's LG Chem Ltd posted a 20per cent fall in quarterly profit on Monday, hurt by a one-off expense associated with the recall of General Motors' Bolt electric vehicles.It reported an operating profit of 727 billion won (US$617.55 million) for the July-September period, versus 904 billion won a
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »