General Motors CEO Says Battery Costs Too High For Mass Market Vehicles
Portfolio Pulse from Happy Mohamed
General Motors CEO Mary Barra stated that battery costs are currently too high for mass market vehicles, making it difficult to produce affordable electric cars.
June 02, 2023 | 3:27 pm
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General Motors' CEO Mary Barra highlighted the high battery costs as a challenge for producing affordable electric vehicles.
The statement from GM's CEO indicates that the company is facing challenges in producing affordable electric vehicles due to high battery costs. This may impact their ability to compete in the growing electric vehicle market, but it is not clear how this will affect their stock price in the short term.
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