CEO Mary Barra told an investor conference, that GM’s new modular EV platform will be able to produce at least 20 new battery-powered vehicles by 2023, with the flexibility to accommodate nine different body styles in multiple sizes, segments and brands.
“We are committed to a future electric vehicle portfolio that will be profitable,” Barra said at the Barclays Global Automotive Conference in New York.
The new EV platform will make vehicles 30 percent cheaper to build than the current Chevrolet Bolt EV, due to cost cuts of lithium-ion batteries to less than $100 per kilowatt-hour from $145 per kilowatt-hour by 2021.
Read more of the original article at Forbes.
