Gm raises 2022 guidance and expects north american ev portfolio to be profitable in 2025 as annual capacity tops 1 million

Company outlines key near term performance indicators new york , nov. 17, 2022 /prnewswire/ -- general motors co. (nyse: gm) expects its rapidly growing portfolio of electric vehicles will be solidly profitable in 2025 in north america as the company scales ev capacity in the region to more than 1 million units annually, ramps up its software revenue opportunities, generates significant greenhouse gas benefits and realizes the positive impacts of new clean energy tax credits, the company told investors today at a meeting in new york city. "gm's ability to grow ev sales is the payoff for many years of investment in r&d, design, engineering, manufacturing, our supply chain and a new ev customer experience that is designed to be the best in the industry," said gm chair and ceo mary barra.
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