GM Corporate Newsroom Letter11 Feb 2021 09:52
An Inflection Point for GM and Society
We are excited that our commitment to an all-electric future is changing how people think about GM. We’ve gone from being good stewards of a successful traditional automaker to being champions of growth.
Our Ultium electrification platform is already helping drive the greatest era of transformation in the history of our company.
Cruise is leveraging more than $2 billion in new investments from GM, Microsoft, Honda and institutional investors. Additionally, Microsoft’s Edge and cloud computing platform will accelerate the commercialization of self-driving vehicles.
More growth will come from creating new sources of revenue through businesses like Brightdrop, subscription services like Super Cruise and OnStar Guardian, as well as OnStar Insurance Services.
These investments are driven by a capital allocation strategy that will create shareholder value for many years to come. The investments also brought us to an inflection point in our long-term sustainability plan.
In 2017, we first shared our vision of a world with zero crashes, zero emissions and zero congestion. And just last month, we committed to be carbon neutral in both our global products and operations by 2040. We also signed the Business Ambition Pledge for 1.5°C, an urgent call to action from a global coalition of UN agencies, business and industry leaders. And we aspire to eliminate tailpipe emissions from new light-duty vehicles by 2035.
To meet these commitments, we will offer EVs across all our brands and span the global EV market from the low-cost Wuling Hong Guang Mini to the hand-crafted Cadillac CELESTIQ. Our next EV launch is the Chevrolet Bolt EUV, which will be the first vehicle outside of Cadillac to offer Super Cruise, the world's first true hands-free driver-assist system for the freeway. It goes on sale this summer.
Later this year, the Ultium-powered GMC HUMMER EV will launch from our transformed Factory ZERO plant in Detroit and Hamtramck; and production is slated to begin on the Brightdrop EV600 commercial van.
A few months later, in early 2022, we will begin production of the Cadillac LYRIQ luxury EV in Spring Hill, Tennessee. Again, the vehicles I’ve just mentioned are among the 30 EVs we’ll launch globally by 2025 – an acceleration of our previous plan.
https://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/emergency_news/2021/0210-chairman-ceo-letter.html
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