3 Wheel Motor Vehicle

3 Wheel Motor Vehicle

General Motors Will Make Its Own "Family" of Electric-Vehicle Motors

The move should increase GM's flexibility while reducing costs.

General Motors (NYSE:GM) said that it plans to produce a family of interchangeable electric-vehicle drive components suited for many different vehicle types, adding scale and efficiency to its effort to transition to a fully electric product portfolio.

The move follows GM's announcement in March that it will produce highly flexible battery packs for its upcoming electric vehicles under the "Ultium" brand. Taking the branding one step further, GM said today that its new family of five drive units and three motors will be referred to as "Ultium Drive."

The idea is that GM will mix and match its own electric motors and single-speed transmissions with the Ultium batteries to produce power for vehicles ranging from tiny commuter vehicles to big pickup trucks and SUVs.

Ken Morris, who leads GM's electric-vehicle programs, said that while electric vehicles are relatively new, the Ultium Drive components draw on many years of GM engineering experience.

A "teaser" photo of the GMC Hummer's grille.

GM's first Ultium-powered product will be the GMC Hummer SUV, due next year. Image source: General Motors.

"GM has built transmissions for many notable automakers," Morris said. "Making motors, transmissions, driveline components and systems are among GM's best-known competencies, and our manufacturing expertise is proving not only transferable but advantageous as we make the transition to EVs."

GM said last week that its Ultium battery packs will use an "almost completely wireless" battery-management system, developed by GM with Analog Devices (NASDAQ:ADI). As with the Ultium Drive components, the wireless system can be adapted quickly to many different vehicle types, adding to GM's economies of scale and reducing the time it needs to bring new electric-vehicle models to market.

The Ultium Drive family will be used in front-wheel drive, rear-wheel drive, and all-wheel drive vehicles, including high-performance and off-road models.

GM is expected to launch its first Ultium-powered models next year.

This article represents the opinion of the writer, who may disagree with the "official" recommendation position of a Motley Fool premium advisory service. We're motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.


Motley Fool Returns

Stock Advisor S&P 500

640% 139%

Join Stock Advisor

Discounted offers are only available to new members. Stock Advisor will renew at the then current list price. Stock Advisor list price is $199 per year.

Stock Advisor launched in February of 2002. Returns as of 12/03/2021.

Cumulative Growth of a $10,000 Investment in Stock Advisor Calculated by Time-Weighted Return Chart Showing the Cumulative Growth of a $10,000 Investment in Stock Advisor

Average returns of all recommendations since inception. Cost basis and return based on previous market day close.


Related Articles

  • Why General Motors Stock Is Moving Higher Today
  • Why General Motors Stock Revved Higher Today
  • Rivian Soars On IPO, But These 3 EV Stocks Are Better Buys Now
  • Here's What Investors Need to Know About General Motors' Autonomous Vehicle Company
  • GM Stock's Post-Earnings Slump Is a Great Buying Opportunity

3 Wheel Motor Vehicle

Source: https://www.fool.com/investing/2020/09/16/general-motors-will-make-its-own-family-of-electri/

Share:

Tidak ada komentar:

Posting Komentar

Recent Posts

banner