GM CEO Says New Bolt Will Use LFP Batteries; New Bolt Will Save Billions In Capital Spending Vs Prior Entry EV Plan
Portfolio Pulse from Benzinga Newsdesk
GM's CEO announced that the new Bolt will use LFP batteries, which will result in billions of dollars in capital savings compared to the previous EV plan.
October 24, 2023 | 12:44 pm
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GM's new Bolt will use LFP batteries, leading to significant capital savings. This could positively impact GM's financial performance.
The use of LFP batteries in GM's new Bolt is expected to result in significant capital savings. This could lead to improved financial performance for GM, potentially driving the stock price up in the short term.
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