General Motors has launched its Battery Cell Development Center (BCDC) as part of a $900 million investment to reduce electric vehicle (EV) costs by nearly 10%. The facility will accelerate the development and production of a new lithium-manganese-rich (LMR) battery chemistry, which promises to lower costs while maintaining range, aiming for market readiness by 2028. This center bridges the gap between research and full-scale manufacturing, producing about 2,500 cells daily to test commercial viability before mass production. GM's focus on LMR reflects a strategic shift from pricier battery chemistries, helping the company compete globally amid rising material costs and intense competition, with AI-driven simulations further optimizing production efficiency.
The US Senate Commerce Committee advanced legislation that would ban the sale of connected vehicles in the US by companies with more than 15% Chinese ownership, potentially affecting Mercedes-Benz, which has nearly 20% Chinese investor stakes. The bi...
Jefferies has upgraded Ford and General Motors to 'Buy' ratings, citing improving earnings prospects, stronger free cash flow, and progress on operational challenges. Ford's price target was raised to $17.50 ahead of its Q2 earnings, with expectation...
Jefferies upgraded General Motors (GM) stock to Buy with a $99 price target, signaling nearly 20% upside from its current price of $82.64. GM raised its 2026 adjusted EBIT forecast to $14-$16 billion and adjusted EPS to $12-$14, driven by strong Nort...
Jefferies upgraded Ford Motor Company to 'Buy' with a $17.50 price target, suggesting a 22% gain from its current price of $14.35. Ford's attractive 4.24% dividend yield outperforms the S&P 500 average and rivals like General Motors. The company’s st...
