General Motors has not been able to reap practical profits from behind the electric car industry until now, but the profit stage is on its way to verification, as the latest reports of Bloomberg Agency indicate that the year 2025 will finally witness a profitability of the American company and turn it into a real competitor to a company like Tesla in the profits from Behind clean vehicles.
Tesla’s total car profit (the percentage of the profits of selling each new car) reached 27.
9% in the third quarter, while although General Motors revenues amounted to 41. 9 billion dollars in the third quarter, its margins were much lower, and in general its profits were in All types of cars are only 8%, with other losses in the field of electric cars in particular.
According to the report, General Motors expects to continue to incur losses in the electric car sector, however, by 2025, the auto industry company expects this to change, and this is the same year that the company’s executive president, Mary Barra, trusts that General Motors will be attached to a company Tesla, when you are about to make a profit from its electric cars.
General Motors plans to inform the investors on November 17 (the investor day in General Motors) that the company expects its electrical cars to achieve profit in 2025, where it will be the first year in which the company manufactures electric cars for profit, and not only to be in the market.
After several years of building their productive capabilities and supporting supply chains, General Motors will be ready to start a profit from their electric cars.
General Motors, along with LG, have four battery factories in the United States, with at least three factories that will be present by 2024.
“You will not sell General Motors at Tesla prices, so perhaps not the profits will not be matched, but they should be able to show good margins. If Tesla can do so, there is no reason that prevents General Motors, Ford and others from doing so. They were only late in the range of products and manufacturing. ”.
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