Is GM Giving Up on Electric Vehicles (EVs)? Not So Fast
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General Motors (GM) announced the sale of its stake in a battery plant to LG Energy Solution, leading to speculation about GM's commitment to electric vehicles. However, this move does not indicate a retreat from EVs.
December 04, 2024 | 4:30 pm
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GM is selling its stake in a battery plant to LG Energy Solution, but this does not indicate a retreat from its electric vehicle strategy.
The sale of the battery plant stake might initially seem like GM is reducing its focus on EVs, but the article clarifies that this is not the case. Therefore, the impact on GM's stock price is likely neutral in the short term.
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