How GM plans to beat Tesla – Yahoo Finance

Posted: Tuesday, October 20, 2015

GM, however, says it’s making new breakthroughs in battery technology that will recharge its image as a leader in electric vehicles. Yahoo Finance recently caught up with GM’s product development chief, Mark Reuss, at an auto-industry event in upstate New York, where we asked about GM’s electric offerings. Reuss said GM is beginning to scale battery technology at a faster pace, which ought to lower costs, make electrics more affordable, and boost the distance they can go on a single charge. “It’s got a long runway,” Reuss says of EV technology in the video above. “We are lower [on cost] that many of our competitors, and we’ve arrived there quicker.”

More from Yahoo Finance

Millennials explain what defines their generation: It gets pretty depressing

The 10 youngest people on the Forbes 400 list and how they got there

The most powerful person in finance may surprise you

 

Comments

Write a Reply or Comment:

Your email address will not be published.*