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GM is betting on its electric Equinox, starting at $30,000, to kick-start 'massive adoption' of EVs - TL;DR CNBC

GM is betting on its electric Equinox, starting at $30,000, to kick-start 'massive adoption' of EVs

Publishing timestamp: 2022-09-08 13:00:01


Summary

GM is set to launch the all-electric Chevrolet Equinox EV next fall, priced at around $30,000. The company expects this electric crossover to become a high-volume seller as they transition to exclusively offering electric cars and trucks by 2035. The Equinox EV will join other electric models in Chevrolet's lineup and is powered by GM's next-generation Ultium electric vehicle platform. The company aims to ramp up production quickly and make electric vehicles more affordable and accessible to consumers.


Sentiment: POSITIVE

Tickers: GMTSLA

Keywords: detroitgeneral motors coautosbusiness newstesla incbusinesselectric vehiclesbreaking news: businessmary barratransportation

Source: https://www.cnbc.com/2022/09/08/gm-bets-on-electric-equinox-to-kick-start-massive-adoption-of-evs.html


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