Bloomberg Talks
GM CEO Mary Barra Talks Hybrids, EV Adoption
Jan 30, 2024
GM CEO Mary Barra discusses the slowdown in EV adoption, focusing on the importance of charging infrastructure. They also talk about the rise of hybrid vehicles as a transitional option and GM's plans for hybrid vehicle launches. The podcast dives into the timing of hybrid vehicles, EV demand, and competition in China and domestically. They explore the significance of competitive products, a level playing field, and advancements in EV and autonomous technology.
09:41
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Quick takeaways
- Mary Barra emphasized GM's plans to introduce more Altium-based EVs in 2024 and expects its EV portfolio to reach break-even in the second half of the year.
- Mary Barra acknowledged the importance of purpose-built, performance-oriented EV models and highlighted GM's shift in strategy towards hybrids to cater to customer preferences and regulatory needs.
Deep dives
GM's Strong 2023 Results and Optimistic Outlook for 2024
General Motors Chair and CEO, Mary Barra, discussed the strong 2023 results, attributing them to robust internal combustion engine sales and strong EV sales, particularly from the Bolt EV and EV models. Barra emphasized that in 2024, GM will build upon this strength by introducing more Altium-based EVs, stating that the constraint with modules has been addressed. She highlighted the launch of several new EV models, including the Cadillac Lyric, GMC Hummer EV, Chevy Equinox EV, and Sierra EV. Barra expressed confidence in GM's EV growth prospects for the year, noting that the company expects its EV portfolio to reach variable profit break-even in the second half of 2024.
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