GM's Ultium Cells JV with LGES is set to upgrade its Spring Hill plant to produce lower-cost LFP EV batteries by 2027.
General Motors (GM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zacks.com users have recently been watching General Motors (GM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
General Motors Company is navigating macroeconomic chaos by maintaining stability, cutting guidance realistically, and investing in U.S.-based EV and battery supply chains. EV sales are growing, with GM now holding 10.4% of the U.S. EV market, and strategic moves in LFP batteries and lithium sourcing strengthen its future. Risks remain high: tariffs, plant shutdowns, shrinking free cash flow, and uncertain EV profitability, but GM is handling these challenges better than most.
General Motors remains attractively valued despite near-term uncertainty from tariffs and a potentially weakening economy, supporting my continued bullish stance. North American operations are strong, with rising market share and robust electric vehicle sales, now making GM the second-largest EV seller in the US. Profitability faces headwinds from higher costs and tariffs, but cash flow remains solid and the company trades at a discount to peers on key valuation metrics.
GM said Monday it is working with joint venture partner LG Energy Solution to upgrade its Ultium battery factory to make lithium-iron-phosphate cells for the automaker's low-cost EVs.
Ultium Cells — a joint venture between General Motors and LG Energy Solution — is upgrading its Spring Hill, Tennessee, facility to make low-cost EV battery cells. The batteries could be significantly cheaper than those used in other vehicles because they do not require expensive minerals like cobalt and nickel.
GM pauses output at its Mexico plant, impacting key Silverado and Sierra production amid efforts to boost efficiency.
In the closing of the recent trading day, General Motors (GM) stood at $53.15, denoting a +1.1% move from the preceding trading day.
EnergyX, the lithium technology startup backed by General Motors , has bought 35,000 acres in the Smackover formation from Pantera Lithium , the latest deal for access to the U.S. brine formation teeming with supplies of the battery metal.
In the latest trading session, General Motors (GM) closed at $52.68, marking a +1.25% move from the previous day.
Auto stock General Motors Co (NYSE:GM) was last seen up 1.4% at $48.40.