Ultium Cells powers GM profitability, CEO says ...Middle East

TribToday - News
Ultium Cells powers GM profitability, CEO says
WARREN — General Motors CEO Mary Barra cited Ultium Cells, the automaker’s joint venture electric-vehicle battery-cell plant in Lordstown, as part of the reason why GM is seeing improved profitability in its EV business. Barra, in a letter to shareholders GM released with its first quarter earnings report Tuesday, said the company continues to see “sequential and year-over-year improvements in profitability as we benefit from scale, material cost and mix improvements.” She used Ultium Cells in Lordstown as an example, writing “the cost of battery cells came down significantly” as the plant “ramped up production.” Lower material prices also helped. “The second Ultium Cells plant, which opene

Hence then, the article about ultium cells powers gm profitability ceo says was published today ( ) and is available on TribToday ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Ultium Cells powers GM profitability, CEO says )

Apple Storegoogle play

Last updated :

Also on site :