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Despite Slow Sales, GM CEO Mary Barra Remains a Believer in EVs


General Motors CEO Mary Barra has announced that the company has successfully addressed battery-manufacturing issues, paving the way for their electric vehicles to become profitable in the near future. Barra’s statement comes at a crucial time as GM continues to ramp up its efforts in the electric vehicle market.

The company had been facing challenges with its battery production, which had been impacting the profitability of its electric vehicles. Barra’s declaration that these issues have been resolved is a significant development for the company and its investors.

GM has been making a strong push into electric vehicles as part of its commitment to a more sustainable future. The company has been investing heavily in electric vehicle technology and has plans to introduce several new electric models in the coming years. With the battery-manufacturing problems now behind them, GM is in a better position to capitalize on the growing demand for electric vehicles.

Barra’s comments signal a positive outlook for GM’s electric vehicle program, which has been a key focus for the company in recent years. The news will likely be well-received by investors and industry analysts, who have been closely watching GM’s progress in the electric vehicle market.

Overall, Mary Barra’s announcement that GM has addressed its battery-manufacturing problems and expects its electric vehicles to soon be profitable is a significant milestone for the company. With this hurdle overcome, GM is poised for success in the rapidly growing electric vehicle market.

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Photo credit www.nytimes.com

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