General Motors announced on the 28th (local time), and it will be transformed into electric car companies by 2035.
Mary MiDDot; Barra, Mary Barra, said in a formal statement: “GM will cooperate with government and company around the world to create a safer, more environmentally friendly world. To this end, General Motors will invest $ 27 billion in the next five years for electrification and automatic driving. Added $ 7 billion before the epidemic. This means that more than half of the R & D staff of GM is committed to electric vehicles and automatic driving research.
First, by 2025, 40% of the four brands (Cadillac, Buick, Chevrolet, GMC) will be replaced by electric vehicles . In the next 10 years, it announced the launch of 30 pure electric cars and announced that the internal combustion engine was produced from the factory around the world in 2035.
General Motors said in a statement: “The company’s more than half of the available funds and research manpower will be used in electric vehicles and automatic driving research.”
It also started researching battery prices . By joint research with LG Chem, the company plans to reduce the manufacturing cost of electric vehicle batteries by 60%. Since the battery accounts for approximately 30% of the cost of electric vehicles, it is expected to further improve price competitiveness.
General Motors also invest in power supply chain and infrastructure. By 2025, it will establish more than 2,700 fast charging networks in the United States, and actively use renewable energy, including wind and solar energy. If all projects are operational, in 2040, GM is expected to be carbonaceous and company.
On the other hand, there is a positive response to securities and financial industries such as General Motors. According to the NEW York Stock Exchange, General Motors share price closed at $ 51.04, up 3.4% on the same day.
In fact, each of the automotive plantsMore or less announcing the timetable of its own new energy car. In general, small car manufacturers, or high-end car brands, transformation is relatively easy. For example, Volvo, in 2019, the electricization of the whole car is achieved. Although the fuel model still exists, the Walvo plans to increase the sales of inserted mixed cars in 2025 to 25%. 
There is also Aston MIDDOT; Martin, announced around 2025, all models realize electricization, but will gradually transition, and will introduce a mixed engine equipped with V6 gasoline engine power to 2022.
However, for large enterprise groups, the path of transformation is more difficult. On the one hand, the internal combustion engine will still exist for a long time, and continue to bring sufficient profits to the manufacturers. On the other hand, in the case of pure electric vehicle technology, including cost is high. Ordinary car brands do not have a big brand premium, and there will be great risks.
At present, most of the automobile companies are electrified, including plugging mixing, and even oil-electricity mixing is also part of the company’s electricity. But in fact, this is not a full meaning of electricization. General Motors announced that the electricization of 2035 is a comprehensive electricity, and the internal combustion engine will no longer be produced, so the electric motor of General Motors is very thorough. To this end, General Motors have to take more than half of R & D to put pure electric vehicles from now on. Such courage also makes people admire.
