Electrical Equipment / Components & Telecoms

According to the latest news from Reuters, arms competition in the field of electric vehicles has been fully launched. General Motors Co. (General Motors Co) will increase global spending on electric vehicles and autonomous vehicles to 35 billion U.S. dollars by 2025, which is more recent The forecast is 30% higher, and the goal is to pursue the leadership of electric vehicles.

As early as May, General Motors rival Ford Motor Company, its CEO Jim Farley announced that it would increase the funding for electric car tracks by 2025 from US$22 billion to US$30 billion. In less than a month, General Motors announced a new spending plan.

Two large US automakers have pledged to invest $65 billion in total. Electric vehicle leader Tesla and startups including Lucid and Rivian have increased their spending, reflecting that the electric vehicle arms race has already made some automakers scrambled. Raise more funds.

Cooperation with Washington is crucial, because President Biden has proposed $174 billion to promote electric vehicles and charging as part of his infrastructure plan, which includes $100 billion in subsidies for new electric vehicles. GM’s ability to benefit from the current $7,500 federal electric vehicle tax credit has expired.

General Motors plans to announce two new battery plants in the United States. General Motors confirmed the executive's remarks, but sources said the company has not yet decided where to build these plants in the United States, and the cost of each plant is expected to exceed $2 billion.

In January of this year, General Motors stated that its goal is to zero exhaust emissions from all new cars, SUVs and light pickup trucks sold by 2035. This is a major shift to gasoline and diesel engines.

In addition, Ford expects that by 2030, 40% of the company's sales will be contributed by electric vehicles. In the current product line, 70% of Mustang Mach-E customers are new users who have purchased Ford for the first time, and the number of reservations for F-150 pure electric pickup trucks that have just begun to accept orders last week has exceeded 70,000. According to US media data, the cumulative sales of new energy vehicles in the United States from January to May was 224,000, an increase of 107% year-on-year, with a penetration rate of 3.1%. Corresponding to an increase of about 200,000 new energy vehicles, exceeding market expectations.