GM reveals $130,000 Cadillac Escalade IQ EV with 450 mile estimated range
It's the first all-electric version of the luxury Escalade line.
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It's the first all-electric version of the luxury Escalade line.
GM CFO Paul Jacobson said that despite achieving the goal, supply issues have made the company's EV business challenging.
This marks the second major car manufacturer with which Tesla has cut a major deal of this nature following Ford in May.
The Bolt is getting zapped as its battery cells are older than what's seen in other electric vehicles from GM like the Cadillac Lyriq.
GM and Samsung will invest over $3 billion in a new battery cell manufacturing plant.
GM has surpassed Ford to become the second best-selling EV manufacturer in the United States.
General Motors is exploring ways to incorporate ChatGPT in its vehicles.
In a massive investment deal, GM will look to extract enough lithium from Nevada's Thacker Pass mine to manufacture 1 million new electric vehicles.
GM Energy will offer storage and management services comparable to that of companies like Tesla.
General Motors and LG Energy Solutions are constructing battery cell facilities with the help of the U.S. government.