General Motors Faces Issue In Assembling Battery Modules For EVs: Report
Portfolio Pulse from Nabaparna Bhattacharya
General Motors (GM) is reportedly facing issues with assembling battery modules for its electric vehicles, affecting production. The problem impacts a range of GM's electric vehicles, from Cadillac Lyriq SUVs to BrightDrop vans. Despite this, GM's Cruise automated vehicle operation is seen as a bright spot, having largely solved all technology challenges. GM shares are trading lower by 3.2%.
August 10, 2023 | 3:44 pm
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General Motors is facing issues with assembling battery modules for its electric vehicles, which could impact its production and stock price.
The reported issues with assembling battery modules for GM's electric vehicles could potentially slow down production, leading to a decrease in revenues and negatively impacting the company's stock price. This is reflected in the recent 3.2% drop in GM's shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100