GM's EV Sales Rise In Q3 On The Back Of New Models: Chevrolet Equinox EV Tops Charts
Portfolio Pulse from Anan Ashraf
General Motors (GM) reported a 46% increase in electric vehicle (EV) sales in Q3, driven by new models like the Chevrolet Equinox EV. Despite a drop in gas-powered vehicle sales, GM's diverse EV lineup positions it strongly against competitors like Tesla and Ford.
October 02, 2024 | 8:39 am
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GM's Q3 EV sales rose 46% due to new models like the Chevrolet Equinox EV. Despite a decline in gas-powered vehicle sales, GM's extensive EV lineup strengthens its market position.
The significant increase in EV sales, particularly the Chevrolet Equinox EV, indicates strong demand and successful product launches. This positions GM favorably in the competitive EV market, likely boosting investor confidence and stock price in the short term.
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