General Motors Co executives on Wednesday will tackle one of their toughest task...
FILE PHOTO: A Chevrolet Bolt EV vehicle is seen on the assembly line at General Motors Orion Assembly in Lake Orion, Michigan, U.S., March 19, 2018. REUTERS/Rebecca Cook/File Photo
GM is by far the larger manufacturer by volume, and generates more cash and profits. But in the electric vehicle market, Tesla is the leader. GM Chief Executive Officer Mary Barra and President Mark Reuss have ramped up electric vehicle development over the past three years, focusing on a proprietary battery, a low-cost flexible vehicle design and a blueprint for high-volume production, mainly in China.
GM has said it aims to reduce the cost of battery cells - the single greatest expense in electric vehicles - to less than $100 per kilowatt-hour. That in turn could slash the cost of battery packs for electric vehicles like the Chevrolet Bolt EV by up to 45%, experts say.
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