Ford, GM race to brag 'We're Number 3!' in electric vehicle market

As the biggest Detroit carmakers struggle to escape from Tesla's shadow, the Motown matchup is like two football teams slugging it out using very different playbooks.to build a battery cathode materials plant in North America by 2024. The deal is part of the automaker's long-range plan to carefully construct a proprietary, vertically integrated EV machine that it will fully turn on only when costs fall and demand grows in the second half of the 2020s.

Despite their activity, both Detroit automakers are expected to lag well behind EV market leaders Tesla and VW through 2028, according to data provided by AutoForecast Solutions, whose production estimates are widely used across the industry. Forecasts call for the VW Group to reach 1.45 million EVs in 2025 and climb to 1.9 million in 2028, according to AFS data.GM's EV numbers look much thinner: 494,000 in 2025 and 624,000 in 2028. Those figures do not include production from the SAIC-GM-Wuling joint venture in China, which produces EVs under the Baojun and Wuling brands and in which GM is a minority shareholder.

gm

United States Latest News, United States Headlines

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

Remember these? 15 electric cars that are no longer sold in the U.S.As car manufacturers ramp up their electric vehicle offerings, they're leaving these EVs in the rearview mirror.
Source: Newsweek - 🏆 468. / 52 Read more »

How Gabrielle Union—And Her Neon Valentino Gown—Stole the Show at The Fashion AwardsThe perennially chic star’s stylist shares the story behind her electric red carpet gown. And DID itsgabrielleu 🤩💎
Source: voguemagazine - 🏆 715. / 51 Read more »

Apple loses key autos engineer to electric aviation startup ArcherThe move shows that tech start-ups attacking climate issues can attract the most qualified engineers. Apple — a company known for patent squatting not innovation.Billions of reserves & best they can muster—laptops circa 2008 & iPhones circa 2015. No longer if but when they’ll die having been beaten by competitors. Keep looking at stock price really worked out well for you in past
Source: CNBC - 🏆 12. / 72 Read more »

Prisemi IPO Mints China’s Latest Semiconductor Industry BillionaireChina is home to the world’s second-largest number of billionaires after the United States
Source: Forbes - 🏆 394. / 53 Read more »

Bad Bunny And Taylor Swift Are Spotify's Most-Streamed Global Artists Of 2021.oliviarodrigo's DriversLicense was the most-streamed song of the year on SpotifyWrapped You have probably already met someone who will live past the year 2100 taylorswift13 sanbenito They should colab and break the streaming services. taylorswift13 sanbenito And you had no picture of Taylor👏👏
Source: MTVNEWS - 🏆 479. / 51 Read more »

US companies could vaccinate the world 10 times with extra 2021 profitsAmerican corporations could pay to vaccinate the world 10 times over with just their extra profits from 2021 But your headline ignores the resistance of people to taking the vaccine in places like Africa. 하나님께서는 자신들을 못 보신다는 것이 현대 교회의 생각입니다 RoadToMenengai4 메넹가이4_가는_길 从2021年起，美国公司只需支付额外利润，就可以为全世界接种疫苗10倍
Source: BusinessInsider - 🏆 729. / 51 Read more »