General Motors revealed the forecast of its internal electric-van and delivery technology startup, BrightDrop, at its investor day Thursday. The automaker also said it aims to make its North American EV portfolio “solidly profitable” by 2025. (The Logic)
Skip to content
General Motors revealed the forecast of its internal electric-van and delivery technology startup, BrightDrop, at its investor day Thursday. The automaker also said it aims to make its North American EV portfolio “solidly profitable” by 2025. (The Logic)
Talking point: Chief financial officer Paul Jacobson told investors that it is “new businesses like BrightDrop that will help us achieve our revenue and margin targets by the end of the decade.” GM is aiming to reach total revenue of US$225 billion and EV revenue of US$50 billion in 2025. The company said its Ontario plant will launch full production of a new BrightDrop model next year, and will scale up to make 50,000 units annually by 2025—potentially a good sign for Canadian union workers as they look to secure their next manufacturing commitments in 2023 negotiations. GM also deepened its EV supply chain in Canada with a new nickel deal announced Thursday.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Tech firms want AI models to create better versions of themselves
Briefing
Dozens of Canadian researchers join chorus of scientists calling for a global AI oversight
TC Energy strikes deal with Indigenous groups for ownership stake in Coastal GasLink pipeline
Canada’s Tailscale taps Google Moonshot alum to lead sovereign AI push
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
