02-25-2021, 06:06 AM
GM as the future king of EVs
<!-- SC_OFF --><div class="md"><p>I wanted to float this concept out there and see what people think of it. </p> <p>GM recently announced it’s targeting a full lineup of zero emission vehicles by 2035 and 30 EVs by 2030. Here’s what we know for sure is coming:</p> <ul> <li>They already have the Chevy Bolt which, though it has less sex appeal than a Tesla, is widely considered a solid technical competitor to the Model 3. It’s scheduled for some facelifts and range upgrades.</li> <li>The Hummer EV is, I would argue, the single most desirable EV scheduled for imminent production. The specs are insane and it looks beautiful inside and out. Pricing will obviously keep average buyers out, but it’s a tremendous halo car and reservations for the top trim level were claimed almost immediately after they went up.</li> <li>The Cadillac Lyriq has lovely styling, the interior looks incredible (but so far is only renders), and is rumored to start under $60k, which starts to bring it into more mainstream purchasing territory</li> </ul> <p>Assuming GM can execute on these, those are three fabulous early entries to the EV market which indicate to me that GM wants to put some truly desirable vehicles out there. <a href="https://www.caranddriver.com/news/a33352012/gm-electric-cars-cadillac-chevy-buick-hummer-specs/">There are plenty more entries on the way that we haven’t seen.</a> On top of these individual cars, I think GM has some solid competitive edges:</p> <ul> <li>They’re an established auto maker that makes quality vehicles under trusted brands. Teslas still suffer from build quality issues and I expect some level of consumer apprehension when it comes to buying EVs from other new companies</li> <li>They’re targeting dramatically less expensive battery packs that will be 40% less expensive than what they use in the Bolt and are projecting 60% less expensive for gen 2</li> <li>They’re targeting a 450 mile range for some vehicles (I’d guess sedans competing with the Model S)</li> <li>Their Super Cruise autonomous driving tech (currently exclusive to Cadillac) is <a href="https://youtu.be/AhthZ5rxQJs">arguably superior to Tesla’s</a> and will be on 22 vehicles in two years - I’d expect they want to get this in as many of their EVs as they can</li> </ul> <p>What I’m seeing here is a proven auto maker setting up a very solid foundation to capture the EV/AV market. While Tesla and Rivian and Nio capture a lot of press and investor capital, there is absolutely no guarantee that any one of them turns out to be more than a side player in the long term. Am I crazy to think GM could be the real EV winner? If so, their stock looks mighty cheap at the moment.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/_thirdHarmonic"> /u/_thirdHarmonic </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/lrg3d2/gm_as_the_future_king_of_evs/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/lrg3d2/gm_as_the_future_king_of_evs/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I wanted to float this concept out there and see what people think of it. </p> <p>GM recently announced it’s targeting a full lineup of zero emission vehicles by 2035 and 30 EVs by 2030. Here’s what we know for sure is coming:</p> <ul> <li>They already have the Chevy Bolt which, though it has less sex appeal than a Tesla, is widely considered a solid technical competitor to the Model 3. It’s scheduled for some facelifts and range upgrades.</li> <li>The Hummer EV is, I would argue, the single most desirable EV scheduled for imminent production. The specs are insane and it looks beautiful inside and out. Pricing will obviously keep average buyers out, but it’s a tremendous halo car and reservations for the top trim level were claimed almost immediately after they went up.</li> <li>The Cadillac Lyriq has lovely styling, the interior looks incredible (but so far is only renders), and is rumored to start under $60k, which starts to bring it into more mainstream purchasing territory</li> </ul> <p>Assuming GM can execute on these, those are three fabulous early entries to the EV market which indicate to me that GM wants to put some truly desirable vehicles out there. <a href="https://www.caranddriver.com/news/a33352012/gm-electric-cars-cadillac-chevy-buick-hummer-specs/">There are plenty more entries on the way that we haven’t seen.</a> On top of these individual cars, I think GM has some solid competitive edges:</p> <ul> <li>They’re an established auto maker that makes quality vehicles under trusted brands. Teslas still suffer from build quality issues and I expect some level of consumer apprehension when it comes to buying EVs from other new companies</li> <li>They’re targeting dramatically less expensive battery packs that will be 40% less expensive than what they use in the Bolt and are projecting 60% less expensive for gen 2</li> <li>They’re targeting a 450 mile range for some vehicles (I’d guess sedans competing with the Model S)</li> <li>Their Super Cruise autonomous driving tech (currently exclusive to Cadillac) is <a href="https://youtu.be/AhthZ5rxQJs">arguably superior to Tesla’s</a> and will be on 22 vehicles in two years - I’d expect they want to get this in as many of their EVs as they can</li> </ul> <p>What I’m seeing here is a proven auto maker setting up a very solid foundation to capture the EV/AV market. While Tesla and Rivian and Nio capture a lot of press and investor capital, there is absolutely no guarantee that any one of them turns out to be more than a side player in the long term. Am I crazy to think GM could be the real EV winner? If so, their stock looks mighty cheap at the moment.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/_thirdHarmonic"> /u/_thirdHarmonic </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/lrg3d2/gm_as_the_future_king_of_evs/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/lrg3d2/gm_as_the_future_king_of_evs/">[comments]</a></span>Kind Regards R